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A field contained within a data medium that is used to store paid line items for a specific business partner is called a note to payee. The format of a note to payee may vary depending on the company.
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∙ 10y ago
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On a promissory note the payee is the?
The payee is the one who will receive the money promised in the note.
On a promissory note who is the payee?
The payee is the person to whom the money is owed.The payee is the person to whom the money is owed.The payee is the person to whom the money is owed.The payee is the person to whom the money is owed.
When a note matures the payee should record?
Interest Expense
A note receivable is executed in December When the note is paid the following February the payee's entry includes a?
credit to interest receivable
What is a payee?
The payee is the one that receives a payment. On a check or money order, the payee is the person the check is made out to. This is the person who can cash the check, or deposit it into his account. On a promissory note he is the one who receives the money from the loan.
Under the loss payee clause is your home protected if theres a lapse in coverage?
No,, Under the loss payee clause the Note holder is declared. The note or lien holder always holds first position for renumeration. It does not effect a lapsed policy.
What are the features of promissory note?
written unconditional promise debtor is maker certain sum payee is a certain person time copies order of payee parties stamps payment after delivery
Is the payee the owner of a bad check?
a payee is wait whats a payee
What is difference between payor and payee?
payee is the person who is to be paid payor is who pays to the payee
Who is the payee bank?
The bank receiving the money is the payee. The payee gets whatever from the payer.
How do you say loss payee in Spanish?
payee's
What check does not require a payee?
All checks require a payee. Payee is the person who is going to use the check and get the money. You cannot issue a check that does not have a payee.
