Which of the following is a liability? a. bonus paycheck b. credit card balance c. investment fund d. savings account select the best answer from the choices provided

Option b) A credit card balance

Step-by-step explanation:

The credit card balance shows the amount you owe to the bank for purchases using credit card.

Credit card is meant for purchases without paying money actualy and after a fixed period paying to the bank full amount outstanding.

Periodically, all credit card transactions will be listed and sent to the customer with a due date within which the amount is to be paid.

IF amount is not paid within due date, a penalty will be charged besides interest for the delay.

Thus credit card balance is a liability since it is the amount due or amount outstanding to be paid to the bank within a certain period.  This can be treated as current liability

The answer is B

Step-by-step explanation:

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step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote , , , so that we can call

note the following:

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

from , to get to , we add

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

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