Horngren's Accounting
11th Edition
ISBN: 9780133851151
Author: MILLER-NOBLES, Tracie L., Mattison, Brenda., Matsumura, Ella Mae, Horngren, Charles T.
Publisher: Pearson,
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Textbook Question
Chapter 9, Problem E9.14E
Defining common receivables terms
| Learning Objective 1 |
Match the terms with their correct definition.
| Terms |
Definitions |
| 1. 2. Other receivables 3. Debtor 4. Notes receivable 5. Maturity date 6. Creditor |
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. 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. 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. |
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Defining common receivables terms
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Chapter 9 Solutions
Horngren's Accounting
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