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Q:

Which of the following statements about minimum payments is incorrect?

A) If you send in the minimum payment, you will be charged a late fee B) Paying the minimum means you are only paying off a portion of your total debt
C) You will still pay interest on your balance if you submit the minimum payment D) Minimum payments are typically only 2-4% of your total debt

Answer:   A) If you send in the minimum payment, you will be charged a late fee



Explanation:
Subject: Bank Interview
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO
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Job Role: Analyst , Bank Clerk , Bank PO

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Financial statements can be prepared from the Adjusted trial balance. A trial balance is a report containing list of all the general ledger accounts i.e, debits and credits contained in the ledger of a business. The types of trial balance include : Unadjusted trial balance, Adjusted trial balance and the Post- closing trial balance.

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