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aivan3 [116]
2 years ago
5

A written promise to pay certain sum of money to another person or company is a

Business
2 answers:
scoundrel [369]2 years ago
6 0

Answer:

Liability (Promissory note payable)

Explanation:

A liability is a present obligation of an entity as a result of a past event for which future economic benefits will flow from the entity.

The writing of a promise to pay is the past event that will result in the outflow of resouces(cash) at a future date. However, the obligation to pay is present.

const2013 [10]2 years ago
5 0

Promissory Notes Receivable

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