What is a "promissory note"? Question content area bottom Part 1...

80.2K

Verified Solution

Question

Accounting

What is a "promissory note"?
Question content area bottom
Part 1
A.
A short-term highly liquid investment that is readily convertible to known amounts of cash.
B.
A written promise to repay for the goods purchased under regular business terms and conditions.
C.
A verbal promise to repay a specified amount at a specified date.
D.
A written promise to repay a specified amount at a specified date.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students