Answer / ammu

A promissory note, referred to as a note payable in
accounting, or commonly as just a "note", is a contract
where one party (the maker or issuer) makes an
unconditional promise in writing to pay a sum of money to
the other (the payee), either at a fixed or determinable
future time or on demand of the payee, under specific
terms. They differ from IOUs in that they contain a
specific promise to pay, rather than simply acknowledging
that a debt exists

Answer / h.r. sreepada bhagi

Promissory Note is a Negotiable Instrument - It's a promise
in written by a party (Maker or Issuer) to pay a certain sum
of money to another party on a certain date or time to be
determined later. Payment may be voluntary or on demand by
the payee or the holder in due course.

Good example of a Promissory Note is Currency Note.

What is the Entry of A Demand Draft is prepared for rs.4500 from UTI bank after bank charges?

6 Answers   LG Soft,

---

What is Accounts Recivable & Payble???

2 Answers   HCL,

---

how will you adjust voluntary seperation payment in cash flow statement

0 Answers  

---

companys act

2 Answers  

---

i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive

0 Answers  

---

sold private car for rs 4,000 and bought a new one with proceeds for bussiess plus rs 5.000 from office cash what will be the journal entry

8 Answers   Genpact,

---

What is s bank reconciliation statement? Give an ex where the Bank book and d cash book will not reconcile?

10 Answers   CBSE, Genpact,

---

what is the examples of direct income

4 Answers   Genpact,

---

Tell us how can you define departmental accounting?

0 Answers  

---

when I make a telephone payment to Airtel, under which group airtel fall?

3 Answers  

---

what is the process of correcting the balance sheet of the company?if the balance of balance sheet are not equal.

1 Answers   HDFC,

---

What is working capital...?

5 Answers   Ambuja, Capital IQ, FIS,

---