ACC 291 Wk 2 DQ 4

May 7th, 2015
Studypool Tutor
Price: $5 USD

Tutor description

ACC 291 Wk 2 DQ 4

Word Count: 813
Showing Page: 1/2
How would you describe the accounting procedures for notes payable and accounts payable?Notes payable represent obligations to banks or other creditors based on formal written agreements. Notes payable usually require the borrower to pay interest and are frequently issued to meet short-term financing needs. Notes payable are also issued for varying periods of time. A specific interest rate is usually identified in the agreement. Following the matching principle, if interest is owed but has not been paid, it is accrued prior to the preparation of the financial statements. Assume For

Review from student

Studypool Student
" Only issue was the guy's response time which was a bit long, which made me a bit anxious. Reached out to the help desk and they helped me out, turns out the tutors aren't all from US which meant there was a time difference. No issues on the quality. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1829 tutors are online

Other Documents


Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors