notes payable definition

notes payable

Written promises to pay stated sums of money at future dates, classified as current (if due within 12 months) or non-current (if due after 12 months) of the balance sheet date.

notes payable is in the Accounting & Auditing and Banking, Commerce & Finance subjects.

notes payable appears in the definitions of the following terms: short term debt to total debt and short term debt to working capital

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