Question

Differences between bonds and notes payable?

Answer 1

for accounting purposes, a note payable or a bond payable are similar.1) that is both r written promises to pay interest and to repay the principal amount or maturity amount on specified future dates .
2 .Both r reported as liabilities and 3) interest is accrued as a current liability .

Answer 2

In the case of accounting or for the sake of accounting, a bond and note payable goes hand in hand as they might be regarded as same or similar thing, the both of them is regarded as a documented promises to pay am interest and to repay the major cost on a specific goods based on future agreement. in other way round, they are both liabilities. I hope this help