Examlex
Which of the following statements is True about operating systems?
Note Payable
A written promise to pay a specific sum of money to a party on demand or at a predetermined future date.
Account Payable
The amount of money owed by a business to its suppliers or creditors for goods and services purchased on credit.
Notes Payable
Liabilities represented by written promises to pay specific sums of money at future dates, typically evidenced by formal instruments of credit.
Accounts Payable
Liabilities to creditors for goods or services purchased on credit, representing obligations that a company needs to pay off in the near term.
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