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QUESTION
A promissory note: Multiple Choice Is a conditional promise in writing to pay on demand or at a future date a definite sum of money. Is recorded by...
A promissory note:
Multiple Choice
- Is a conditional promise in writing to pay on demand or at a future date a definite sum of money.
- Is recorded by the maker by crediting Note Receivable.
- Is signed by the person promising to pay the note, called the payee.
- Will be recorded on both the books of the payee and the maker.
