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The Loan Payable account is a/an a. Asset b. Liability c. Revenue d. Expense Note Receivable is a/an a. Asset b. Liability c. Revenue d. Expense

The Loan Payable account is a/an a. Asset b. Liability c. Revenue d. Expense Note Receivable is a/an a. Asset b. Liability c. Revenue d. Expense
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13 votes
The Loan Payable account is a/an

a. Asset
b. Liability
c. Revenue
d. Expense

Note Receivable is a/an
a. Asset
b. Liability
c. Revenue
d. Expense

asked
User Icepicker
by
7.8k points

1 Answer

5 votes
Loan Payable - Liability
Note Receivable - Asset
answered
User Stackit
by
8.1k points
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