A note receivable is honoured when
A)it is written to settle an account.
B)it is recorded at face value.
C)the interest is accrued.
D)it is paid in full on time.

Name: A note receivable is honoured when A)it is written to settle an account. B)it is recorded at face value. C)the interest is accrued. D)it is paid in full on time.
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Question

Quizplus · Accepted Answer

A note receivable is considered honoured when the maker (the person who promises to pay) fulfills their obligation by paying the note in full on its due date.

A Note Receivable Is Honoured When