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?
Which account includes the amounts the company must pay because the company signed a written promise to pay a debt amount in the future?
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Notes Receivable |
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Prepaid Expenses |
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Accounts Payable |
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Accrued Liabilities |
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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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