Testbank, Question 81 Which of the following is not true regarding promissory notes? Promissory notes are not shown at carrying amount on the statement of financial position. Promissory notes give a stronger legal claim to the holder than accounts receivable. Promissory notes are usually interest-bearing Promissory notes are frequently accepted from customers who need to extend the payment of an outstanding account receivable. Testbank, Question 81 Which of the following is not true regarding promissory notes? Promissory notes are not shown at carrying amount on the statement of financial position. Promissory notes give a stronger legal claim to the holder than accounts receivable. Promissory notes are usually interest-bearing Promissory notes are frequently accepted from customers who need to extend the payment of an outstanding account receivable