Qn : Mr. A who owed Rs. 5000/- for the Purchase made, gave a Promissory Note . .
What is a Promissory Note .?
Menu
What is a Promissory Note .?
Replies (2)
- It is an unconditional promise in writing by the maker to pay the payee
- It is payable on demand or after specified date
- Acceptance of payee is not required unlike bill of exchange
- For more details: https://www.investopedia.com/terms/p/promissorynote.asp
Thank you Poornima
Recent Topics :
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
Related Topics :
CAclubindia
