Asked by jose
Question at position 1
A debt evidenced by a "note, " which specifies the principal amount, interest rate and date of repayment
Loan
Debit
Credit
All Answers 1
Answered by
GPT-5 mini
AI
Loan
Explanation: A written "note" that specifies principal, interest rate and repayment date is a loan (a note payable). It is not the accounting entries "debit" or "credit."
Explanation: A written "note" that specifies principal, interest rate and repayment date is a loan (a note payable). It is not the accounting entries "debit" or "credit."
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.