Multiple Choice
Match the terms with the definitions.
-A notification to the payee that the bank has collected interest on a note and added the amount to the payee's account.
A) accrued interest on notes payable
B) time
C) proceeds (note receivable)
D) principal of the note
E) notes payable register
F) credit advice
G) maturity value
H) discounting a note receivable
I) dishonored
J) effective rate
K) promissory note
L) maker
Correct Answer:

Verified
Correct Answer:
Verified
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