Answered: If the billing cycle is from the first…

If the billing cycle is from the first day of April to the last day of April, how many days are in the billing period? A. 29 B. 28 C. 31 D. 30

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 9Q

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Concept explainers

Credit card

A credit card is provided by financial institutions or banks, which permits a person to borrow money on a preapproved limit for purchases on a credit basis. The credit limit is decided by the institution and bank which issues a credit card depending on the person’s credit score and income. A cardholder can use the card for credit purchases, a balance transfer, cash advances.

Question

20. If the billing cycle is from the first day of April to the last day of April, how
many days are in the billing period?
A. 29
B. 28
C. 31
D. 30

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