What is the difference between a note payable and an accounts payable transaction? Would a note payable show up on an accounts payable schedule? Why or why not?
The notes payable and accounts payable are both reported in the... View the full answer
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The note payable is the debt taken by the business by issuing the promissory notes. The accounts payable are... View the full answer
Accounts Payable: When a company purchases goods and/or services on credit then the amount... View the full answer