This question is about accounts payable vs notes payable.

What is an example of notes payable?

By Zippia Team - Dec. 7, 2022

Purchasing a building, obtaining a company car, or receiving a loan from a bank are all examples of notes payable. Notes payable can be referred to a short-term liability (lt;1 year) or a long-term liability (1+ year) depending on the loan's due date.

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