| AB |
The day a note is signed is called the _______.
You are watching: The maturity value of a note is the ________.
problem date |
| The ________ of bookkeeping calls for that amounts be reported on the financial statements in a method that is least most likely to overstate revenue or assets. | conservatism principle |
| The ______ is the major plus the interest that must be phelp when the note becomes due. | maturity value |
| A(n) ________ is a financial record, such as a inspect, that transfers ownership from one perkid to an additional. | negotiable instrument |
| The size of time in between the concern date of a note and also the day the note becomes due is referred to as its ________. | term |
| A(n) _______ is a financial institution charge made on the endorser for a discounted note that is dishonored. | protest fee |
| The due day or the day on which a note need to be paid is its ________. | maturity date |
| _______ is the amount created on the front of a note. | challenge value |
| A written agreement to pay a specific sum of money on demand also or on a specific day is referred to as a(n) ______. | promissory note |
| The ________ is the amount of interest expressed as a portion of the major. | interemainder rate |
| The _____ is the amount of money being borrowed. | principal |
| With the ________, revenue is reported in the period as soon as it is earned and also costs are reported in the period in which they are incurred. | accrual basis of accounting |
| The perchild or business promising to repay the major and interest is dubbed the ________ of the note. | maker |
| A promissory note welcomed by a person or service is dubbed a(n) _______. | note receivable |
| ____ is revenue that has been earned yet not yet obtained. | accrued revenue |
| The perboy or business to whom a note is payable is called the _______. | payee |
| A(n) _______ is an order by one party to a 2nd party to pay a particular sum of money to a 3rd party. | draft |
| _______ is a fee charged for the use of money. | interest |
| If a business or person stops working to pay or rebrand-new a note once it becomes due, the note is referred to as a(n) _______. | dishonored note |
| A(n) ____ is distinct kind of draft that outcomes from the sale of merchandise; it is accounted for as a note receivable. | trade acceptance |
| Notes that a service sells to the bank for cash fairly than holding them until they end up being due are referred to as _________. | discounted notes receivable |
| The ________ is the interest charge the bank deducts in advance for a note. | financial institution discount |
| The ______ is the amount of cash actually got as soon as a service discounts a note receivable. | proceeds |
| The number of days between the day a note is sold to the financial institution and the date the note becomes due is the ________. | discount period |
A(n) ______ is the duty assumed by the endorser to pay a discounted note at maturity if the maker does not.
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| contingent liability |
| A note that needs the primary plus interest to be rephelp at maturity is dubbed a(n) ________. | interest-bearing note |
