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Notes Payable
Question about notes payables: When you give a company X amount of $. It is considered notes receivables. Which is a payable that is due from the other company. Now my question is... when I receive a portion of X amount of dollars from that company, do I debit cash and credit notes receivables? Or do I debit cash and credit notes payables? Dumb question, but it should be notes receivables. Just want to make sure. Any response is greatly appreciated. ساعد في نشر والارتقاء بنا عبر مشاركة رأيك في الفيس بوك |
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