The date a note is signed is referred to as the _______.

You are watching: The party to whom the promissory note is payable is the

AB
worry date
The ________ of audit needs that amounts be reported on the financial statements in a method that is least likely to overstate earnings or assets.conservatism principle
The ______ is the major plus the interemainder that have to be phelp when the note becomes due.maturity value
A(n) ________ is a financial document, such as a examine, that transfers ownership from one person to an additional.negotiable instrument
The size of time between the issue date of a note and the date the note becomes due is called its ________.term
A(n) _______ is a financial institution charge made on the endorser for a discounted note that is dishonored.protest fee
The due date or the day on which a note have to be passist is its ________.maturity date
_______ is the amount created on the front of a note.challenge value
A composed agreement to pay a details amount of money on demand also or on a particular date is dubbed a(n) ______.promissory note
The ________ is the amount of interemainder expressed as a portion of the primary.interest 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 costs are reported in the period in which they are incurred.accrual basis of accounting
The perboy or company promising to repay the major and also interest is called the ________ of the note.maker
A promissory note accepted by a perchild or business is dubbed a(n) _______.note receivable
____ is revenue that has been earned however not yet got.accrued revenue
The perkid or organization to whom a note is payable is referred to as the _______.payee
A(n) _______ is an order by one party to a 2nd party to pay a specific sum of money to a third party.draft
_______ is a fee charged for the use of money.interest
If a business or perchild fails to pay or renew a note when it becomes due, the note is referred to as a(n) _______.dishonored note
A(n) ____ is unique type of draft that results from the sale of merchandise; it is accounted for as a note receivable.trade acceptance
Notes that a business sells to the financial institution for cash fairly than holding them till they come to be due are called _________.discounted notes receivable
The ________ is the interemainder charge the financial institution deducts in advance for a note.bank discount
The ______ is the amount of cash actually got when a business discounts a note receivable.proceeds
The variety of days in between the day a note is marketed to the financial institution and also the day the note becomes due is the ________.discount period
A(n) ______ is the obligation assumed by the endorser to pay a discounted note at maturity if the maker does not.

See more: Which Of The Following Is True Of Corporations? Which Of The Following Is True About Corporations

contingent liability
A note that requires the major plus interest to be repaid at maturity is referred to as a(n) ________.interest-bearing note
*
Create your very own activities