Short-term notes payable represent a written promise by the business to pay a debt, without the...
Short-term notes payable represent a written promise by the business to pay a debt, without the addition of interest, within one year or less.
A.True
B. False
Homework Answers
Answer: B.False
Explanation:
Short-term notes payable:
It represent a written promise by the business
-to pay a debt,
-with the addition of interest,
-within one year or less.
Thus, Given statement is false because it has "without addition of interest" instead of "with the addition of interest".
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Short-term notes payable represent a written promise by the
business to pay a debt, without the...
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