Notes may be issued a. to creditors to temporarily satisfy an account payable created earlier b. when assets are purchased c. when borrowing money d. All of these choices are correct.

Question

Business

Marcel Nixon

6 August, 08:24

Notes may be issued a. to creditors to temporarily satisfy an account payable created earlier b. when assets are purchased c. when borrowing money d. All of these choices are correct.

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Answers (1)

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Hinton · Answer 1

The correct answer is letter "D": All of these choices are correct.

Explanation:

Notes are legal documents where the information of a loan is recorded as well as the payment terms the lender and the borrower agree on. Some notes have the character of payable debts because they work as promissory liabilities on debt mainly when assets are acquired by an organization or individuals.