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Explain why an account balance less than negative 40 dollars represents a debt greater than 40 dollars?
If the balance is below -$40 then this means that the debt is greater than $40 because the debt is a measure of how far away (negatively)from 0 the account is.
-$40 is $40 away from $0. A lower figure, such as -$41 is even further away from $0 ($41 away)and so represents a larger debt.
What else can I help you with?
Why does an account balance less than -40 dollars represents a debt greater than 40 dollars?
An account balance less than -40 dollars represents a debt greater than 40 dollars because negative numbers represent amounts owed or deficits. In this case, a balance of -40 dollars indicates that the account holder owes 40 dollars to the institution. The negative sign denotes that the account is in debt, hence the debt being greater than 40 dollars.
How positive and negative numbers are used in real world situation?
Well if you over draw your bank account then you account balance becomes negative numbers, meaning you owe the bank. Anytime you are in debt period, in spades you can get set so many hands that your score is lower than zero and goes into the negative.
Is a withdraw a positive or negative number?
Well, honey, a withdrawal is typically considered a negative number because you're taking away funds from your account. It's like saying "adios" to your money. So, if you're withdrawing cash, just remember it's a negative hit to your bank balance.
What is -5 (-3)?
-5-5=-10 e.g. if you are overdrawn in your bank account by $5 and withdraw another $5 you will be left with an overall negative balance of -$10.
A negative and positive integer word problem?
1. Steve has overdrawn his checking account by $350. His bank charged him $150 for an overdraft fee. Then he quickly deposited $125. What is his current balance?
Is overdraft asset or liability?
An overdraft is considered a liability. It occurs when a bank account holder withdraws more money than is available in their account, resulting in a negative balance. This negative balance represents a debt owed to the bank, which the account holder must repay, making it a liability on their financial statements.
What is the term used for a negative checking account balance?
"Overdrawn" is the common term used to describe a negative checking account balance.
What is debit balance of profit and loss account?
Debit balance of Profit & Loss Account represents "Loss"
Why does an account balance less than -40 dollars represents a debt greater than 40 dollars?
An account balance less than -40 dollars represents a debt greater than 40 dollars because negative numbers represent amounts owed or deficits. In this case, a balance of -40 dollars indicates that the account holder owes 40 dollars to the institution. The negative sign denotes that the account is in debt, hence the debt being greater than 40 dollars.
Which account represents a debit balance on a ledger account?
assets have debit balances.
What is a negative account?
Below 0 balance.
Explain Account information System?
account balance for aurelio ikeda
Is checking your account an asset or a liabilities?
Checking your account can be considered an asset as it represents the funds you have available for use. However, it can also be seen as a liability if your account has a negative balance or if you owe money to the bank or other creditors.
If there is a balance in the prepaid rent account after adjusting entries are made it represents?
A liability is what it represents.
What does the balance in the Accumulated Depreciation account represents?
it represents the undepreciated cost of existing equipment.
Has negative current account balance always negative impact on the economy?
yes
Has negative current account balance always negative impact on economy?
yes
