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20. A QB account that tracks a loan you do not plan to pay off within one year.

ID: 2591434 • Letter: 2

Question

20. A QB account that tracks a loan you do not plan to pay off within one year. 21. The account in which you hold payroll taxes and other deductions until you are required to pay them. 22. This is an asset you do not plan to use up or turn into cash wiened oner is ure t idcible wic mcens it s 23. These accounts reflect the owner's investment in the business and have a normal credit balance. 24. An owner's withdrawal of funds from the company. 25. Anything owned by a company or monies owed to a company as in Notes Receivable or Accounts Receivable.

Explanation / Answer

20 Long term current liability

21 Provision for taxes

22.Non current asset

23. Share holders Capital

24. Withdrwal account

25. Current Liabilities