Match the Terms with the Definitions

question 56

Multiple Choice

Match the terms with the definitions.
-A potential liability that may become a real liability depending on future events.

• A)term of the note
• B)accrued interest on notes receivable
• C)bank discount (note payable)
• D)bank discount (note receivable)
• E)contingent liability
• F)rate of interest
• G)discounting (note payable)
• H)payee
• I)notes receivable register
• J)non-interest-bearing note
• K)interest-bearing note

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Definitions:

Word Document

A digital document format created by Microsoft Word, commonly used for text processing and formatting.

ScreenTip Text

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Hyperlink

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Adobe Acrobat

A family of application software and Web services developed by Adobe Inc. to view, create, manipulate, print, and manage files in Portable Document Format (PDF).