ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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asset.
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liability.
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Either A or B
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None of the above
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Detailed explanation-1: -Dental Professional Liability (malpractice) insurance protects against claim allegations arising out of dental treatment or services you and your employees provide, or should have provided, to patients.
Detailed explanation-2: -Accounts receivable refers to the incoming money owed to a business for products or services, and is a vital part of a company’s balance sheet.
Detailed explanation-3: -Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses. Liabilities can be contrasted with assets. Liabilities refer to things that you owe or have borrowed; assets are things that you own or are owed.
Detailed explanation-4: -Bank debt. Mortgage debt. Money owed to suppliers (accounts payable) Wages owed. Taxes owed.