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Explain why an account balance less than negative 40 dollars represents a debt greater than 40 dollars?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 11y ago
Anonymous
It represents a debt greater then 40 dallors because it's are card that you can put as much money as you want in a debt card
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Why does an account balance less than -40 dollars represents a debt greater than 40 dollars?
Negative amounts, in this case, represent a debt to the bank.
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.
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?
How much is 10000000000000000000000000000000000000000000000000000000?
bill gates account balance
What is debit balance of profit and loss account?
Debit balance of Profit & Loss Account represents "Loss"
What is the term used for a negative checking account balance?
"Overdrawn" is the common term used to describe a negative checking account balance.
Which account represents a debit balance on a ledger account?
assets have debit balances.
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.
What is a negative account?
Below 0 balance.
Why does an account balance less than -40 dollars represents a debt greater than 40 dollars?
Negative amounts, in this case, represent a debt to the bank.
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.
Explain Account information System?
account balance for aurelio ikeda
Has negative current account balance always negative impact on economy?
yes
Has negative current account balance always negative impact on the economy?
yes
What is the term for the amount of money you have in your account?
The amount of money available in an account is usually referred to as the "balance" of the account. The cash balance may be positive or negative.
