Why do businesses sometimes accept notes receivable


Question: Why do businesses sometimes accept notes receivable from customers? O The note receivable provides greater legal protection than an account receivable. O The customer is unable to pay the accounts receivable but is willing to provide a note with greater protection and an interest payment. Accepting the note is a viable alternative to writing the account off as uncollectible All of the above is correct.

 

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Accounting Basics: Why do businesses sometimes accept notes receivable
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