Question

A promissory note: Multiple Choice Is a short-term investment for the maker. Cannot be used in payment of an account receivable. Is another name for an installment receivable. Is a liability to the payee. Is a written promise to pay a specified amount of money at a certain date.

Answer 1

A promissory note Is a written promise to pay a specified amount of money at a certain date

Step-by-step explanation:

A promissory note is a financial documents containing a written promise by one party, that is the issuer of the document or note to pay another party a particular amount of money, when it is demanded or at a particular date in the future. Such a note contains all the terms that has to do with the indebtedness, like the principal, interest rate, maturity date, the date the note was issued and signatures.