Notes payable are written promissory notes that a company issues to borrow funds, typically from financial institutions or other creditors. These notes specify the principal amount, interest rate, and maturity date, representing a formal obligation to repay the borrowed sum. Notes payable are recorded as liabilities on the balance sheet and are crucial for assessing a company’s financial obligations and liquidity.
CMA Prep Course
CMA Exam Academy is a proven, 16-week per part online coaching program to help you pass the CMA. The Academy’s comprehensive curriculum will help you pass the CMA exam and achieve your dreams of earning 6-figures per year, ascend to the executive ranks and earn the respect from your peers.
