Difference between an account payable and a note payable

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Reference no: EM131342698

1. Describe two ways (the book mentions three, but you only need two) in which current liabilities are frequently ordered on the balance sheet.

2. What is the difference between an account payable and a note payable?

3. What sort of transaction typically creates an account payable?

4. What type of transaction typically creates a note payable?

Reference no: EM131342698

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