ExamVeda
Login
Home

Promissory note is prepared by

This question belongs to Commerce Accounting
Accounting
?

Promissory note is prepared by

Answer & Solution
Correct Answer: Option A
Promissory note is prepared by Drawer. Promissory note is prepared and signed by the a person / organisation ( borrower) while borrowing money from a lender.
Examveda
Question posted by Examveda
Community

Join the Discussion

2 Comments
Bogi Venkatesh
Bogi Venkatesh 8 years ago
There are two parties to the Promissory note.

Drawer and Payee.

Promissory note is prepared by the Drawer.
Neerja Tandon
Neerja Tandon 8 years ago
A. )drawer is correct answer
Keep Learning

Related Questions on Accounting

Accounting provides information on
A. Cost and income for managers B. Company's tax liability for a particular year C. Financial conditions of an institutions D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets B. Fixed assets C. Intangible assets D. Investments
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets B. Fixed assets C. Intangible assets D. Investments
Patents, Copyrights and Trademarks are
A. Current assets B. Fixed assets C. Intangible assets D. Investments
More Related Questions on Accounting