Re: Does a decrease in notes payable mean more or less debt on the balance sheet?

Home Forums Debt Management Does a decrease in notes payable mean more or less debt on the balance sheet? Re: Does a decrease in notes payable mean more or less debt on the balance sheet?

#390599

admin
Keymaster

Notes Payable is a liability, usually a short term liability but can be long term. A company cannot sell Notes Payable because it is not an asset, you are mistaken about that. Paying off the note will reduce notes payable and lower the amount of debt.

I like the way you asked this question. It is obvious that you’ve thought about it, you just aren’t trying to get out of doing your homework. Good luck.



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