Accountıng I Deneme Sınavı Sorusu #1313657

Which account includes the amounts the company must pay because the company signed a written promise to pay a debt amount in the future?


Notes Receivable

Prepaid Expenses

Accounts Payable

Accrued Liabilities

Notes Payable


Yanıt Açıklaması:

A note payable is the opposite of a Note Receivable. The Notes Payable account includes the amounts the company must pay because the company signed a written promise to pay a debt amount in the future. Notes payable, like notes receivable, usually involves interest.

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