The primary difference between a note receivable and an account receivable is:

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The primary difference between a note receivable and an account receivable is that a note receivable is evidenced by a written debt instrument, whereas an account receivable is not necessarily supported by a written document. A note receivable is a more formal and legally binding agreement, and it typically has a specific due date and interest rate. In contrast, an account receivable is simply a record of money owed by a customer for goods or services purchased on credit.

The Primary Difference Between a Note Receivable and an Account