MUIS 00:49:37 A difference between notes payable and accounts payable is that Multiple Choice notes payable are usually for smaller amounts than accounts payable. accounts payable are usually outstanding for longer periods of time then notes payable. accounts payable have an interest component but notes payable do not Help Save & Exit Sutumis notes payable are usually for smaller amounts than accounts payable. accounts payable are usually outstanding for longer periods of time than notes payable. accounts payable have an interest component but notes payable do not. Preip Sove & Exit Submit each note payable is supported by a legal document descris ig details about the company's promise to repay a loan, but accounts payable usually don't have this type of documentation