n0-14 Defining common receivables terms Lea Match the terms with their correct dcinition. Definitions Terms a. The party to a credit transaction who takes on an obligation/payable. b. The party who receives a receivable and will collect cash in the future. 1. Accounts receivable 2. Other receivables 3. Debtor C. A written promise to pay a specified amount of money at a particular future date. d. The date when the note receivable is due. 4. Notes receivable 5. Maturity date 6. Creditor e. A miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. The right to receive cash in the future from customers for goods sold or for services performed.

n0-14 Defining common receivables terms Lea Match the terms with their correct dcinition. Definitions Terms a. The party to a credit transaction who takes on an obligation/payable. b. The party who receives a receivable and will collect cash in the future. 1. Accounts receivable 2. Other receivables 3. Debtor C. A written promise to pay a specified amount of money at a particular future date. d. The date when the note receivable is due. 4. Notes receivable 5. Maturity date 6. Creditor e. A miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. The right to receive cash in the future from customers for goods sold or for services performed.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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