Terms Definitions 1. Accounts receivable a. The party to a credit transaction who takes on an obligation/ payable. 2. Other receivables b. The party who receives a receivable and will collect cash in the future. 3. Debtor 4. Notes receivable c. A written promise to pay a specified amount of money at a particular future date. 5. Maturity date 6. Creditor d. The date when the note receivable is due. 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.

Terms Definitions 1. Accounts receivable a. The party to a credit transaction who takes on an obligation/ payable. 2. Other receivables b. The party who receives a receivable and will collect cash in the future. 3. Debtor 4. Notes receivable c. A written promise to pay a specified amount of money at a particular future date. 5. Maturity date 6. Creditor d. The date when the note receivable is due. 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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