if you have money in the bank, this would be represented with a positive number. if you owe money, this…

if you have money in the bank, this would be represented with a positive number. if you owe money, this would be represented as a negative number. true or false?

if you have money in the bank, this would be represented with a positive number. if you owe money, this would be represented as a negative number. true or false?

Answer

Brief Explanations:

In financial accounting and basic number - sign conventions, money in the bank is an asset (positive), and debt (owing money) is a liability (negative).

Answer:

True