Notes payable is accounting-speak for promissory notes, written commitments that say you've borrowed money and have to pay it back. Like other outstanding debts, notes payable affect your bottom line.

According to Survey of Accounting, accounting uses a double-entry system, which is shown as a T. The left side of the T has debits and the right side has credits. Journals use the double-entry ...

Bonds and notes payable are two types of debt that companies can access to raise capital. Technically speaking, both are written agreements between the company and the lender defining how much will be ...

Remaining conversion of notes payable to common stock at current share prices completes the full repayment of all Notes Payable of the Company Company intends to maintain its debt-free balance sheet ...