Solved

Match the Following Terms and Definitions

Question 266

Matching

Match the following terms and definitions.

Premises:

Responses:

Party to whom maney is owed

Creditor

Amounts owed to bank

Note payable

Amounts owed to suppliers for goods and services purchased

Accounts receivable

Amounts due from customers

Accounts payable

Premises:

Party to whom maney is owed

Amounts owed to bank

Amounts owed to suppliers for goods and services purchased

Amounts due from customers

Responses:

Creditor

Note payable

Accounts receivable

Accounts payable

Correct Answer:

Premises:

Responses:

Party to whom maney is owed

Amounts owed to bank

Amounts owed to suppliers for goods and services purchased

Amounts due from customers

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