A promissory note owed to another company would most likely appear in which of the following accounts?
A)Accounts Receivable
B)Accounts Payable
C)Notes Receivable
D)Notes Payable

Name: A promissory note owed to another company would most likely appear in which of the following accounts? A)Accounts Receivable B)Accounts Payable C)Notes Receivable D)Notes Payable
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Question

Quizplus · Accepted Answer

A promissory note owed to another company is a liability, so it would appear in the Notes Payable account.

A Promissory Note Owed to Another Company Would Most Likely