Solved

Match the Following Terms and Definitions

Question 257

Matching

Match the following terms and definitions.

Premises:

Responses:

Amounts owed to suppliers for goods and services purchased

Accounts receivable

Amounts owed to bank

Note payable

Amounts due from customers

Accounts payable

Party to whom money is owed

Creditor

Premises:

Amounts owed to suppliers for goods and services purchased

Amounts owed to bank

Amounts due from customers

Party to whom money is owed

Responses:

Accounts receivable

Note payable

Accounts payable

Creditor

Correct Answer:

Premises:

Responses:

Amounts owed to suppliers for goods and services purchased

Amounts owed to bank

Amounts due from customers

Party to whom money is owed

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