Examlex
Choose the most appropriate statement that matches each term.
-LUCA
Note Payable
A written promise to pay a specified amount of money, along with interest, by a certain date.
Cash Payment
A transaction in which money is paid out or disbursed immediately in cash.
Fees Earned
Revenue generated from providing services, recognized when the service is performed regardless of when the payment is received.
Transactions
The exchange of goods, services, or funds between two or more parties, forming the basic activities recorded in accounting.
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