What is notes receivable?
Answers
Answered by
1
HEY.
U R ANSWER...
NOTES RECEIVABLE IS AN ASSET OF BUSINESS.
BANK OR OTHER ORGANIZATION THAT HOLDS A WRITTEN PROMISSORY NOTE FROM ANOTHER PARTY.
NOTES RECEIVABLE REPORT IN A CURRENT ASSET OF THE BUSINESS.
U R ANSWER...
NOTES RECEIVABLE IS AN ASSET OF BUSINESS.
BANK OR OTHER ORGANIZATION THAT HOLDS A WRITTEN PROMISSORY NOTE FROM ANOTHER PARTY.
NOTES RECEIVABLE REPORT IN A CURRENT ASSET OF THE BUSINESS.
Answered by
1
Notes Receivable represents claims for which formal instruments of credit are issued as evidence of debt, such as a promissory note. The credit instrument normally requires the debtor to pay interest and extends for time periods of 30 days or longer.
Similar questions