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Note Receivable শব্দের বাংলা অর্থ: প্রাপ্য নোট
Note Receivable Meaning In Bengali প্রাপ্য নোট
Note Receivable
Definition
1) A note receivable is a written promise received by a company or individual from another party to pay a specified sum of money on a future date, along with any applicable interest.
2) In accounting, a note receivable is considered a type of asset and is recorded on the balance sheet as an amount owed to the entity holding the note.
3) Note receivable can also refer to an accounting term used to describe the formal written agreement between a borrower and a lender detailing the terms of a loan, including the repayment schedule, interest rate, and any other conditions or terms of the loan.
Examples
Note Receivable Example in a sentence
1) The company recorded a $10,000 note receivable from a customer.
2) The business was able to secure funding by offering a note receivable as collateral.
3) The accountant carefully reviewed the terms of the note receivable before recording it in the financial statements.
4) The note receivable was due in six months with a 5% interest rate.
5) The bank accepted the company's note receivable as a form of payment for the loan.
6) The note receivable was backed by valuable assets as security.
7) The note receivable was discounted by the bank in exchange for immediate cash.
8) The company transferred the note receivable to a third party for collection.
9) The investor decided to invest in the company's note receivable as a way to earn passive income.
10) The note receivable was classified as a long-term asset on the balance sheet.
Part of Speech
Note Receivable (Noun)
Synonyms
Encyclopedia
A note receivable is a written promise received by a company or individual from another party to pay a specified sum of money on a future date, along with any applicable interest.
In accounting, a note receivable is considered a type of asset and is recorded on the balance sheet as an amount owed to the entity holding the note.
Note receivable can also refer to an accounting term used to describe the formal written agreement between a borrower and a lender detailing the terms of a loan, including the repayment schedule, interest rate, and any other conditions or terms of the loan.
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