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Home Q & A Board Other Fields Homework Help Business Accounting
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Kwami Kwami
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7 years ago
A written agreement or debt instrument between a lender and a borrower that creates a liability for the borrower to repay both principal and interest is known as
A) an interest payable.
B) interest financing.
C) equity financing.
D) a note payable.
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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suryoyosuryoyo
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7 years ago
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Kwami Author
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#2
7 years ago
Aha, makes more sense now.
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#3
7 years ago
Thanks for the feedback
Thumbs up me, please!
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