The primary difference between notes payable and accounts payable is that notes payable generally have longer terms and usually require interest charges.
Answer the following statement true (T) or false (F)
True
Notes payable and Accounts payable are both liability accounts. The primary difference between notes payable and accounts payable is that notes payable generally have longer terms and usually require interest charges.
You might also like to view...
A systematic relationship between two variables in which a change in one implies a corresponding change in the other is called ________
A) causation B) analysis of variance C) covariance D) deviation E) standard deviation
What is the benefit of setting goals when formulating MPR plans?
A) generating expert content B) creating thought leaders C) pitching to connectors D) evaluating performance E) increasing brand mention
Active-voice verbs are preferred in business writing
Indicate whether the statement is true or false
The decision whether a pension plan should be offered is the responsibility of the
A. union and Department of Labor representatives. B. employees. C. employer. D. Pension Benefit Guaranty Corporation.