Loans from commercial banks generally appear on balance sheets as notes payable.A bank's importance is actually greater than it appears from the dollar amounts shown on balance sheets because banks provide nonspontaneous funds to firms.

Question

Quizplus · Accepted Answer

Commercial banks do appear on balance sheets as notes payable, and their importance is greater than just the dollar amounts shown because they provide nonspontaneous funds to firms.

Loans from Commercial Banks Generally Appear on Balance Sheets as Notes