List three reasons why a company may use Notes Payable instead of Accounts Payable and whether the

Question:

List three reasons why a company may use Notes Payable instead of and whether the company is the maker or payee.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...