What is the difference between an account payable and a note payable?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-0324787351

1st Edition

Authors: Rich Jones, Mowen, Hansen, Heitger

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Question Posted: Jul 23, 2012 03:19 AM

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What is the difference between an account payable and a note payable?

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An account payable arises when a business purchases goods or services on credit Unlike an a...View the full answer

Cornerstones of Financial and Managerial Accounting

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