Match Each of the Following Terms Pertaining to Liabilities to Their

Multiple Choice

Match each of the following terms pertaining to liabilities to their definitions.
-A contra-liability account that represents interest deducted from a loan or note in advance.

A) Current liability
B) Accounts payable
C) Notes payable
D) Discount on notes payable
E) Current maturities of long-term liabilities
F) Accrued liabilities
G) Contingent liability
H) Estimated liability