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    College Accounting
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    Exam 14: Notes Receivable and Notes Payable
  5. Question
    Discount on Notes Payable Is a Contra-Liability Account That Records
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Discount on Notes Payable Is a Contra-Liability Account That Records

Question 112

Question 112

True/False

Discount on Notes Payable is a contra-liability account that records interest deducted in advance.

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