Question: What is the difference between an account payable and a note payable? A note payable is always long - term. A note payable is owed

What is the difference between an account payable and a note payable?
A note payable is always long-term.
A note payable is owed to a bank.
An account payable is a signed promissory note.
An account payable is usually due in 30-60 days.
What is the difference between an account payable and a note

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