who is the payee of the promissory note
- 1 Answers
- 3574 Views
- Accenture, I also Faced
- E-Mail Answers
Answer / ameet narayankhedkar
A promissory note is a negotiable instrument, wherein one
party (the maker or issuer) makes an unconditional promise in
writing to pay a determinate 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.
The payer is the one who owes the money to the payee. So, the
payee is also the lender, and it the one who is going to get
paid back their loan.
| Is This Answer Correct ? | 3 Yes | 0 No |
Whether the TIN and CST no. remain same for a firm in M.P. state. If a firm ask for CST but having only TIN no. is it correct to entertain his invoice?
What is Financial?
clasify assets and give examples
what is ment by memorandom of association?
14 Answers Capital IQ, Nestle,
what is current ratio and how it is calculated
Expand ________GAAP
expand M E A
What is meant by marginal cost?
what is the difference between direct income and indirect income. pleases explain with example.
18 Answers Deepak Enterprises, HJ, Power Packaging,
What is equity? and how it is calculated?
What is an Acrual Interest? In which side of the Balance Sheet, it should be shown????
What do u mean by CTC.
Audit 
