Match the Terms with the Definitions

Multiple Choice

Match the terms with the definitions.
-The difference between the maturity value of the notes receivable and the bank discount. This is the amount of cash received by the business discounting the note.

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