A promissory note: Select one: a. Will be recorded on both the books of...
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Accounting
A promissory note: Select one: a Will be recorded on both the books of the payee and the maker. b Is signed by the person promising to pay the note, called the payee. c Is recorded by the maker by crediting Note Receivable. d Is a conditional promise in writing to pay on demand or at a future date a definite sum of money.
A promissory note:
Select one:
a Will be recorded on both the books of the payee and the maker.
b Is signed by the person promising to pay the note, called the payee.
c Is recorded by the maker by crediting Note Receivable.
d Is a conditional promise in writing to pay on demand or at a future date a definite sum of money.
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