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What are Notes Payable and What is the accounting treatment for Notes Payable? Briefly explain.

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Question ajoutée par Mohamed Hakeem Meerashahib , Branch Manager , Sri Lanka State Trading (General) Corporation
Date de publication: 2016/04/20
Aliyu Ahmed Alhaji
par Aliyu Ahmed Alhaji , Teacher , Wuraola Group of School, Ogun state

Note payable are note that is entitled to be paid by business.it is treated as current liability in balance sheet accordance to prudence concept.

Nuridin Islam Diab
par Nuridin Islam Diab , Training Manager , Bbusinesss LLE

I agree with Mr. Ahmed's answer. 

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