Notes Receivable
Notes receivable refers to written promises from customers or borrowers to pay a fixed amount at a future date. These are considered assets and often involve interest. Unlike accounts receivable, they are formal, legally binding documents and may have longer repayment periods, usually over one year.
More Items
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…
This website uses cookies to improve your experience. You can accept all or reject non-essential cookies.