Notes Receivable Is a Liability Account

question 99

True/False

Notes receivable is a liability account.

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Definitions:

Vertical Clouds

Cloud computing environments that are tailored for use in specific industries, offering specialized resources and services to meet industry-specific requirements and regulations.

Industry

A sector of the economy that is concerned with the production and manufacturing of goods or the provision of services.

IaaS

Infrastructure as a Service is a cloud computing model that provides virtualized computing resources over the internet, allowing users to run, and manage applications without the need to maintain physical servers.

Remotely Accessible

Describes a system or device that can be accessed or controlled from a remote location via the internet.