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Nn, but it may be used as evidence of a contract of sale
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∙ 15y ago
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What are the accounting journal entries for payment in kind interest on a note?
debit interest in kindcredit notes payable
What are the accounting journal entries to record the purchase of land on a note?
debit land accountcredit notes payable
Debit note form?
debit notes
How long can you keep invoices and credit notes for before destroying them?
Hi, you need to keep invoices & credit notes & all accounting documents for at least 10 years befor destroying them
Are promissory notes legally binding in an estate?
Yes, they are legal documents. They can be used to establish debts and assets.
Short notes on responsibility accounting?
what is responsibility accounting
What is the journal entry for accrued interest expense on Notes Payable?
debit interest expense, credit interest payable for the accrued amount
What is the Notes payable journal entry?
Debit accounts payableCredit notes payable
How to record journal entries for gold mining purchase?
Debit Land Discount on Notes Payable Credit Notes Payable
How do you record journal entry to increase notes payable?
debit cashcredit notes payable
What is the journal entry for paid notes payable?
Debit notes payableCredit cash / bank
Is notes receivable debit?
Yes notes receivable has debit balance as default balance because it is receivable in future as well as it is asset for which benefit has not yet been taken.
