Accounting and Finance Questions

Bank credit balance meant that the banker is laible to paid us.

And if we have a credit balance accouding to bank statement is mean we have " cash at bank" and in our book we show in the assets side but bank show laiblities side.

Hence, The credit balance in the bank account is the amiunt we have in our account and we are eligible to withdraw that.

APR means Annual Percentage Rate. Creditcards apr can be increased when you missed credit card payments.

Paying off your credit card bill most impacts your credit score.

Accounts receivable is listed as a current asset in the balance sheet, since it is usually convertible into cash in less than one year as it is the amount owed by the customer to the seller.

In the case of, "Price rises and demand is inelastic", the total revenue increases.