C.p.t doubt in accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 October 2013
on making a promissory note,the maker records in:
a)journal proper
b)bills reeivable book
c)bills payable book
d)none of these
please explain!
a)journal proper
b)bills reeivable book
c)bills payable book
d)none of these
please explain!
20 October 2013
For maker it is liability. So he will journal proper and in balance sheet it will written on liability side.
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