jonathanLV5551 jonathanLV5551
  • 20-08-2020
  • Business
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promissory note received from a customer in exchange for an account receivable is recorded by the payee as

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Parrain
Parrain Parrain
  • 22-08-2020

Answer: Note Receivable

Explanation:

A Note Receivable is a written document from a party promising to repay another party with interest on amounts borrowed in form of cash or otherwise thereby creating a debtor - creditor relationship between them.

When a promissory note is received from a customer in exchange for an accounts receivable it is a Note Receivable and the Payee being the creditor will record it as such.

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