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Notes payable is the only other item on the balance sheet. notes payable must equal:_____.

Sagot :

ayfat23

Notes payable is the only other item on the balance sheet. notes payable must equal total assets.

What is Notes payable?

Notes payable can be described as the  long-term liabilities  which help to show the money a company  is owning the  financiers.

It should be noted that this financier could be banks and other financial institutions , however they are long-term because they are payable beyond 12 months, hence Notes payable is the only other item on the balance sheet. notes payable must equal total assets.

Learn more about Notes payable at:

https://brainly.com/question/25148915

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