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TB MC Qu.8-36(Statlc) Notes Recelvable differ from Accounts Recelvable... Notes Recelvable differ from Accounts...

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Accounting

TB MC Qu.8-36(Statlc) Notes Recelvable differ from Accounts Recelvable...
Notes Recelvable differ from Accounts Recelvable in that Notes Recelvable:
do not have to be created for every new transaction, so they are used more frequently
are generally considered a weaker legal claim.
are noncurrent assets.
generally charge interest from the day they are signed to the day they are collected.
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