Asked by Jennifer Vandiver on Jun 03, 2024
Verified
Notes may be issued
A) when assets are purchased
B) to creditors to temporarily satisfy an account payable created earlier
C) when borrowing money
D) All of these choices
Notes Issued
Financial obligations in the form of promissory notes that a company issues to creditors or investors to raise capital.
Account Payable
Liabilities to suppliers or creditors for goods or services received that have not yet been paid for.
Borrowing Money
The act of obtaining funds from a lender under the agreement to pay back the principal amount along with interest or other charges.
- Comprehend the use of dedicated bank accounts for managing payroll processes.
Verified Answer
MH
Melony HarrisonJun 07, 2024
Final Answer :
D
Explanation :
Notes may be issued in all of these scenarios, whether it is to finance the purchase of assets, to temporarily satisfy an account payable through taking out a loan, or when directly borrowing money.
Learning Objectives
- Comprehend the use of dedicated bank accounts for managing payroll processes.