Notes Payable
Question about notes payables: When you give a company X amount of $. It is considered notes receivables. Which is a payable that is due from the other company. Now my question is... when I receive a portion of X amount of dollars from that company, do I debit cash and credit notes receivables? Or do I debit cash and credit notes payables? Dumb question, but it should be notes receivables. Just want to make sure. Any response is greatly appreciated. |
الساعة الآن 11:55 AM |
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