Charged off as bad debt canceled by credit grantor. true or false
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Ответ:
"Charge off" means that the credit grantor wrote your account off of their receivables as a loss, and it is closed to future charges. When an account displays a status of "charge off," it means the account is closed to future use, although the debt is still owed.
TRUE!Ответ:
A) Liabilities
Amounts of money a company owes are called its Liabilities.
Explanation:
Amounts of money a company owes are called its liabilities. Liabilities are the financial obligations of the company that arise during the course of business operations.
These financial debts include loans, accounts payable, mortgages, deferred revenues and accrued expenses.Liabilities are those amounts owed by a business at any one time. Liabilities are often expressed as Payable for accounting purposes.