Chapter 9, Problem E9.14E

Defining common receivables terms

Learning Objective 1

Match the terms with their correct definition.

Terms	Definitions
1. Accounts receivable 2. Other receivables 3. Debtor 4. Notes receivable 5. Maturity date 6. Creditor	a. The party to a credit transaction who takes on an obligation/payable. b. The party who receives a receivable and will collect cash in the future. c. A written promise to pay a specified amount of money at a particular future date. d. The date when the note receivable is due. e. A miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. The right to receive cash in the future from customers for goods sold or for services performed.