202k views
13 votes
The Loan Payable account is a/an

a. Asset
b. Liability
c. Revenue
d. Expense

Note Receivable is a/an
a. Asset
b. Liability
c. Revenue
d. Expense

User Icepicker
by
3.6k points

1 Answer

5 votes
Loan Payable - Liability
Note Receivable - Asset
User Stackit
by
3.9k points