Interested to Buy Any Domain ? << Click Here >> for more details...
what is a promissory note ?
- 2 Answers
- 5368 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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
| Is This Answer Correct ? | 2 Yes | 0 No |
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.
| Is This Answer Correct ? | 1 Yes | 1 No |
What is GR form ? what its use please give me a details of GR ?
hi i m an mba finance fresher. i need an oppurtunity to grew up my life ambitions. please tell me what are the sources to fulfill it. i got distinction in mba finance in the andhra university campus..please suggest me or show me a way to get an oppurtunity in your companies
What is the golden rule of General Ledger?
What is the entry for provision?
what is SEC?
what is the difference between shares and debentures
capcity utillization
whatis the difference between invoice and bill?
3 dost 1 hotel me khana khne gye to unhone 75 rupye diye aur hotel ki malik ne unhe 5 rupaye wapas diya aur 2rupye water ne rakh diye aur une 1,1 rupye diye aur 1 rupya kha gya
What is use of subject history in banking?
Please give me a suggession to calculate the T.D.S,E.S.I,P.F, From salary which is in gross Rs. 15000/.
I have received a cheque from customer and i deposited into the bank next 4-5 days cheque has been bounced by the bank. Pls tell me what is reverce entry in the tally for cheque bounced and which option i will enter in journal or payment entry. Salary . is it direct exp or indrect exp.
Audit 
