Notes payable journal entries | PU 2017 Fall
notes payable journal entries Financial accounting-ii Receivables Pokhara University (PU) 2017 Fall Q. No. 15 Civil Company issued 9 months promissory note on 1st November, 2015 for cash. The interest rate on the note was 12% p.a. The amount of note was Rs. 100,000. Required: Prepare all necessary journal entries on issue, year end and …