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 Guest60 Posted 0 Comments They are a liability since they have the word “payable”!. Notes payable are loans that a company has taken to fund investments and/or operations so they are liabilities for the company. You are viewing 1 out of 2 answers, click here to view all answers. Register or Login Search for:
