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16 votes
16 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 Adriang
by
3.3k points

1 Answer

12 votes
12 votes
Loan Payable - Liability
Note Receivable - Asset
User Cralfaro
by
2.5k points