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View Full Version : Note receivable,debit or credit?


askLloydathome
Sep 30, 2010, 07:54 AM

pready
Sep 30, 2010, 10:33 AM
Note Receivable is a note, were someone agrees to pay you a certain amount of money plus interest over a certain length of timee, so it is an asset, which means it has a normal Debit balance.