What is the difference between an account payable and a note payable? When is a note payable

Question:

What is the difference between an account payable and a note payable? When is a note payable more likely to be used than an account payable?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

Question Posted: