FIGURE EX 5-1 In Figure EX 5-1 above, the Pmt figure is -250. The negative number means ____.
A) the entry is income
B) the entry is a payment
C) there is an error
D) the person is behind on their payments

Name: FIGURE EX 5-1 In Figure EX 5-1 above, the Pmt figure is -250. The negative number means ____. A) the entry is income B) the entry is a payment C) there is an error D) the person is behind on their payments
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Question

FIGURE EX 5-1  In Figure EX 5-1 above, the Pmt figure is -250. The negative number means ____.
A) the entry is income 
B) the entry is a payment 
C) there is an error 
D) the person is behind on their payments

Quizplus · Accepted Answer

The negative figure indicates that it is a payment (outflow of cash).

FIGURE EX 5-1 in Figure EX 5-1 Above, the Pmt