Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Types of Accounting

Financial Accounting

1. Introduction to Accounting

Types of Accounting

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Multiple Choice

Which of the following is an example of a non-bank credit option?

Personal loan from a commercial bank

Credit card issued by a retail store

Certificate of deposit from a bank

Savings account with a credit union

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Verified step by step guidance

Understand the concept of non-bank credit options: These are credit facilities provided by entities other than traditional banks, such as retail stores, online lenders, or other financial institutions.

Analyze each option provided in the question: Determine whether the credit option is issued by a traditional bank or a non-bank entity.

Option 1: 'Personal loan from a commercial bank' - This is a bank credit option because it is issued by a commercial bank.

Option 2: 'Credit card issued by a retail store' - This is a non-bank credit option because it is issued by a retail store, not a traditional bank.

Option 3 and 4: 'Certificate of deposit from a bank' and 'Savings account with a credit union' - Both are financial products offered by banks or credit unions, not non-bank credit options.