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acct. cha. 9 prt 2
more Vocab.
| Question | Answer |
|---|---|
| income statement | income statment summary of an entity's revenues |
| intrest | intrestthe revenue to the payee for loaning money |
| intrest period | intrest period time where intrest in added |
| intrest rate | intrest rate percentage rate of interest specified by a note |
| maker of the note | maker of the note a buisness or person who signs a note to pay the specified person |
| maturity date | maturity date date when final payment is due |
| note term | note term same as income statement |
| payee of a note | payee of a note person who will pay back a note |
| percent of sales method | percent of sales method estimating uncollectable receivables |
| principal | principal the conditions of a note |
| principal amount | principal amount principal amount the average amount to the account |
| promissory note | promissory note promissory note a note from payee to promise top pay the holder |
| quick ratio | quick ratio quick ratio what teh rtatio of payment in and out at a certain period of time |
| receivables | receivables receivables accounts of which you await payment |
| time | time time is related to accounts receivablle as it is given for payment |
| uncollectable account expense | uncollectable account expense uncollectable account expense find out which a/r accounting is not paying the company |
Created by:
Dan Muszynski
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