Notes payable is the only other item on the balance sheet. notes payable must equal:_____.

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01-09-2022
Business

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Notes payable is the only other item on the balance sheet. notes payable must equal:_____.

Sagot :

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ayfat23 ayfat23 · Answer 1 · 2022-09-07T05:39:46-04:00

Notes payable is the only other item on the balance sheet. notes payable must equal total assets.

What is Notes payable?

Notes payable can be described as the long-term liabilities which help to show the money a company is owning the financiers.

It should be noted that this financier could be banks and other financial institutions , however they are long-term because they are payable beyond 12 months, hence Notes payable is the only other item on the balance sheet. notes payable must equal total assets.

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What is Notes payable?

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