Match the Terms with the Definitions

question 70

Multiple Choice

Match the terms with the definitions.
-A notification to the payee that the bank has collected interest on a note and added the amount to the payee's account.

• A)accrued interest on notes payable
• B)time
• C)proceeds (note receivable)
• D)principal of the note
• E)notes payable register
• F)credit advice
• G)maturity value
• H)discounting a note receivable
• I)dishonored
• J)effective rate
• K)promissory note
• L)maker