Which of the Following Accounts Will Be Credited by the Borrower

question 147

Multiple Choice

Which of the following accounts will be credited by the borrower when a promissory note is issued?

• A) Note Payable
• B) Note Receivable
• C) Interest Payable
• D) Cash

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Definitions:

Direct Approach

A communication technique where the main point or important information is presented at the beginning of the message.

Apology

An expression of regret or sorrow for having done something wrong or causing inconvenience, typically seeking forgiveness.

Action Step

A specific measure or task taken to advance towards a goal or objective.

Audience Relationship

The connection and interaction between the speaker, writer, or creator and their audience, crucial for effective communication.