Question 11 (1 point) The party to whom money is owed. Question 11 options: Creditor Borrower Debtor
Question:
Question 11 (1 point) The party to whom money is owed. Question 11 options: Creditor Borrower Debtor Question 12 (1 point) A deposit recorded by the company but not yet recorded by its bank. Question 12 options: Deposits in transit Deposited amount Credited amount Question 13 (1 point) The amount borrowed by a debtor and lent by a creditor. Question 13 options: Interest Investment Principal Question 14 (1 point) Cash and cash equivalents are the most _____ . Question 14 options: Liabiliries Liquid asset Fixed asset Question 15 (1 point) Seperate account for each customer. Question 15 options: Individual account Primary account Subsidiary ledger Question 16 (1 point) ._____ is a written promise to pay a sum on the maturity date. Question 16 options: Notes receivable Accounts payable Cheque Question 17 (1 point) The best way to estimate uncollectibles uses the company's history of ______from customers. Question 17 options: Sales Debts Collections
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill