Solved

Match the Following Terms and Definitions

Question 263

Matching

Match the following terms and definitions.

Premises:
Amounts owed to bank
Party to whom money is owed
Amounts due from customers
Amounts owed to suppliers for goods and services purchased
Responses:
Creditor
Note payable
Accounts receivable
Accounts payable

Correct Answer:

Amounts owed to bank
Party to whom money is owed
Amounts due from customers
Amounts owed to suppliers for goods and services purchased
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