Notes Payable
Notes payable is a liability account representing written promises to pay a specific amount on a future date. These can include loans or promissory notes with interest. They’re recorded on the balance sheet and require disclosure of terms such as interest rate, maturity, and collateral, if any.
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Net Present Value (NPV)
NPV is a financial metric that calculates the present value of future cash flows, discounted at a specific rate, minus…
Non-monetary Asset
A non-monetary asset is an item that cannot be readily converted to a fixed amount of cash, such as inventory,…
Normal Balance
A normal balance is the expected debit or credit side where increases in an account are recorded. For example, assets…
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