A promissory note from a customer
A) Is a cash equivalent
B) Is an account receivable
C) Is a note receivable
D) Is a short-term investment
E) Is a note payable

Name: A promissory note from a customer A) Is a cash equivalent B) Is an account receivable C) Is a note receivable D) Is a short-term investment E) Is a note payable
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Question

Quizplus · Accepted Answer

A promissory note from a customer represents a promise to pay a fixed amount of money at a future date, which makes it a note receivable for the company.

A Promissory Note from a Customer