会计英语课件要点.pptVIP

5.4 Notes Receivable 5.4.1 Characteristics of Notes Receivable A promissory note is a written document containing a promise to pay: A specific amount of money (principal) A specific person or company (payee) At a specific place On a specific date or upon demand Plus interest at a specific percentage of the principal (face) amount per year The date a not is to be paid is called the maturity date or due date. Principal × Rate × Time = Interest Maturity Value The amount that is due at the maturity or due date is called the maturity value. The maturity value of a note is the sum of the f