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A written promise to pay certain sum of money to another person or company is a

User Ousman
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Promissory Notes Receivable

User James Khoo
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Answer:

Liability (Promissory note payable)

Step-by-step explanation:

A liability is a present obligation of an entity as a result of a past event for which future economic benefits will flow from the entity.

The writing of a promise to pay is the past event that will result in the outflow of resouces(cash) at a future date. However, the obligation to pay is present.

User Shehbaz Jaffer
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