Question: The difference between a note payable and mortgages payable is mortgages payable are secured by an asset accounts payable are secured by an asset notes

The difference between a note payable and mortgages payable is
mortgages payable are secured by an asset
accounts payable are secured by an asset
notes payable are always long-term
there really is no difference
The difference between a note payable and mortgages payable is mortgages

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