Which of the following statements is NOT correct?Because there is the presence of ANZ logo on John's Visa credit  card,A.Visa provides a loan to ANZ so that ANZ can pay on behalf of John.B.ANZ pays fees to Visa so ANZ's customer John can use his credit card.C.John pays interest, if any, to ANZ.D.John has a debt with ANZ when he pays goods and services with his credit card.

Interest on Partner’s loan is credited to:a) Partner’s Fixed capital account.b) Partner’s Current account.c) Partner’s Loan Account.d) Partner’s Drawings Account

The loan given to a credit card holder ____________________________.You can select more than one answer.A.is paid  automatically by the bank to the transactional account of the credit card holder.B.is automatic provided the credit limit has not been reached.C.is paid directly to the seller of the good or service who has been paid with a credit card.D.bears a lower interest rate than a standard loan

Which of the following is true about a cosigner of a note? aThe cosigner is responsible for the payment of the note. bThe cosigner must be a friend or relative. cThe credit rating of the cosigner is unimportant.

Which of the following is not the input for debt ___?a.Debt fundingb.Credit supportc.Debt repaymentd.Debit support

The debts of the business are also the debts of the owner(s) is _________ and applies to ________.