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maw [93]
3 years ago
9

What is a primary difference between a note receivable and an account receivable?

Business
1 answer:
Maksim231197 [3]3 years ago
4 0

Answer:

Note receivable is a written promise by a supplier agreeing to pay a sum of money in the future.

While

Account receivable is the funds owed by the customers.

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Taking loans in engaging in capital projects are not to be discouraged,but the opinion or the fear of the masses is, if such loans could be paid back or the lender will be forced to apply foreclosure on your assets.

Through living within your means and with a healthy and well planned saving budget,all borrowed money will be definitely paid back to the lender .

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Melissa sells a house to Smith. Before the sale is finalized, Smith asks Melissa for details of repairs the house has undergone
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