
Accounting II Chap 8 Vocab Quiz
Authored by Jenifer Zihlman
Business
11th - 12th Grade
Used 13+ times

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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The day a note is issued.
date of a note
promissory note
maturity date
maturity date
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Expenses incurred in one fiscal period, but not paid until a later fiscal period
current liabilities
interest expense
accrued expenses
prepaid expense
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Liabilities that are due within a short time, usually a year.
line of credit
prepaid expense
accrued expenses
current liabilities
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Obtaining capital by borrowing money for a period of time.
debt financing
prime interest rate
line of credit
non interest-bearing note
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An amount paid for the use of money for a period of time.
maturity value
interest rate
interest
interest expense
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest accrued on borrowed funds
interest expense
prepaid expense
interest-bearing note
principal
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The percentage of the principal that is due for the use of the funds secured by a note
interest
interest rate
promissory note
notes payable
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