Multiple Choice
Which of the following would NOT be considered a form of accounting?
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1. Introduction to Accounting
Types of Accounting
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Which of the following is NOT one of the 'three Cs of credit'?
A
Consistency
B
Capacity
C
Collateral
D
Character
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Understand the 'three Cs of credit,' which are fundamental criteria used by lenders to evaluate a borrower's creditworthiness. These are Capacity, Collateral, and Character.
Capacity refers to the borrower's ability to repay the loan based on their income, expenses, and existing debt obligations.
Collateral is an asset that the borrower pledges as security for the loan, which the lender can seize if the borrower fails to repay.
Character involves the borrower's reputation, credit history, and reliability in fulfilling financial obligations.
Review the options provided in the question and identify that 'Consistency' is not one of the 'three Cs of credit,' making it the correct answer.
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