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:

Close and Back Up

The process of closing a software program and simultaneously creating a backup copy of the data to prevent loss.

Back Up Current

The action of creating a copy of existing data or system settings to prevent loss in case of system failure or data corruption.

Save As Back Up

Save As Back Up is a process of saving a copy of a file or database under a different name or location to ensure data safety in case of loss or corruption.

Primary Key

A primary key is a unique identifier for each record in a database table, used to ensure that each entry is distinct and retrievable.