What is a short-term loan from a bank,supplier,or others that must be repaid within a year?
A) an account payable
B) a note receivable
C) a note payable
D) an account receivable

Question

Quizplus · Accepted Answer

A note payable is a short-term loan that must be repaid within a year. An account payable refers to money owed to a supplier or vendor that has not yet been paid, while a note receivable is a loan given out by the business that is expected to be paid back by the borrower. An account receivable refers to money owed to the business by a customer or client.

What Is a Short-Term Loan from a Bank,supplier,or Others That