A note receivable is a negotiable instrument which can be transferred to another party by endorsement. takes the place of checks in a business firm. can only be collected by a bank. eliminates the need for a bad debts allowance.
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Home » Business » A note receivable is a negotiable instrument which can be transferred to another party by endorsement. takes the place of checks in a business firm. can only be collected by a bank. eliminates the need for a bad debts allowance.