Examlex
A network manager is concerned about visitors taking advantage of open cubicies at a company's facilities. Which of the following would mitigate this issue?
Note Receivable
A written promise for amounts to be received by a business, typically including interest, from another party.
Note Payable
A written promise to pay a certain sum of money on a specified future date, which is a liability on a company's balance sheet.
Specified Amount
An exact or particular amount that has been agreed upon or is required within a certain agreement or context.
Written-off
The accounting practice of recognizing that an asset or receivable no longer has value and is unlikely to be collected.
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