Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Far me > Notes Receivable > Flashcards

Notes Receivable Flashcards

1
Q

0% interest loan

A

Is recorded as a discount in the amount of the current market rate.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Deferred charge

A

Notes issued in exchange for supplier merchandise discounts are booked as a differed charge as a prepayment of sorts.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Far me (25 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions