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Definition
| A receivable arrizing from the sale of goods or services with a verbal promise to pay. |
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Definition
| The detail for a number of individual items that collectively make up a single general ledger account. |
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Definition
| The general ledger account that is supported by a subsidary ledger. |
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Definition
| The recognition of bad debts expense at the point an account is written off as uncollectible. |
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Definition
| A method of extimating bad debts on teh basis of either the net credit sales of the period or the accounts receivable at the end of the period. |
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Definition
| A contra-asset account used to reduce accounts receivable to its net realizable value. |
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Definition
| A form used to catergorize the various individual accounts receivable according to the length of time each has been outstanding. |
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Definition
| A written promise to repay a definite sum of money on demand or at a fixed or determinable ate in the future. |
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Definition
| The party that agrees to repay the money for a promissory note at some future date. |
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Definition
| The party that will receive the money from a promissory note at some future date. |
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Definition
| An asset resulting from the acceptance of a promissory note from another company. |
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Definition
| A liability resulting from the signing of a promissory note. |
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Definition
| The amount of cash received, or the fair value of the products or services received, by the maker when a promissory note is issued. |
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Definition
| The date the promissory note is due. |
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Term
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Definition
| The length of time a note is outstanding, that is, the period of time between the date it is issued and the date it matures. |
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Term
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Definition
| The amount of cash the maker is to pay the payee on the maturity date of the note. |
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Term
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Definition
| The difference between the principal amount of the note and its maturity value. |
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Term
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Definition
| A multiple-copy document used by a company that accepts a credit card for a sale. |
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Definition
| The process of selling a promisory note. |
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Definition
| Securities issues by corporations as a form of ownership in the business. |
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Term
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Definition
| Securities issued by corporatons and governmental bodies as a form of borrowing. |
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