Are notes payable an asset or liability? 2.07K viewsAccounting0 Schor 0 Comments Do you know if notes payable is an asset or a liability. Apart from that, is notes payable current or non current assets or liabilities? 2 AnswersActiveVotedNewestOldest 0 Serrano Posted 0 Comments Notes payable is a liability if the company which you are making the accounts for issued them. A company can also hold loan notes as an investment but it will not be called notes payable (rather a financial asset). You are viewing 1 out of 2 answers, click here to view all answers. Register or Login Search for:
