Notes Payable: Notes payable are the financial instrument which contains a written promise from the person who furnishes the note to pay a certain sum with interest to the lender on a specific date. Bonds Payable: Bonds payable are financial instrument, generally issued to raise a large amount of debt with an assurance to repay the sum with applicable interest. To explain: The difference between notes payable and bonds payable. Explanation: Difference between notes payable and bonds payable: Notes payable are not issued to general public but bonds payable are issued to general public. Sum raised through notes payable is comparatively less than the sum which can be raised through bonds. It means bonds are generally raised for large scale borrowings. Bonds are issued to many lenders whereas notes are directed to one lender. Notes payable can be short term or long term depending on the duration for which loan raised. Bonds are generally issued to raise long term debts. Notes payable are usually small business debts to fund business whereas bonds payable are large scale debts to finance big projects. Despite being similar, there are several differences between notes payable and bonds payable which have been explained above .

Question

Want to see the full answer?

Answer 1

Question

100%

Chapter 10, Problem 1DQ

To determine

Notes Payable:

Notes payable are the financial instrument which contains a written promise from the person who furnishes the note to pay a certain sum with interest to the lender on a specific date.

Bonds Payable:

Bonds payable are financial instrument, generally issued to raise a large amount of debt with an assurance to repay the sum with applicable interest.

To explain: The difference between notes payable and bonds payable.

Explanation:

Difference between notes payable and bonds payable:

Notes payable are not issued to general public but bonds payable are issued to general public.

Sum raised through notes payable is comparatively less than the sum which can be raised through bonds. It means bonds are generally raised for large scale borrowings.

Bonds are issued to many lenders whereas notes are directed to one lender.

Notes payable can be short term or long term depending on the duration for which loan raised. Bonds are generally issued to raise long term debts.

Notes payable are usually small business debts to fund business whereas bonds payable are large scale debts to finance big projects.

Despite being similar, there are several differences between notes payable and bonds payable which have been explained above.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Please give me correct answer this financial accounting question

Provide correct answer this financial accounting question

General accounting

Answer 2

Question

100%

Chapter 10, Problem 1DQ

To determine

Notes Payable:

Notes payable are the financial instrument which contains a written promise from the person who furnishes the note to pay a certain sum with interest to the lender on a specific date.

Bonds Payable:

Bonds payable are financial instrument, generally issued to raise a large amount of debt with an assurance to repay the sum with applicable interest.

To explain: The difference between notes payable and bonds payable.

Explanation:

Difference between notes payable and bonds payable:

Notes payable are not issued to general public but bonds payable are issued to general public.

Sum raised through notes payable is comparatively less than the sum which can be raised through bonds. It means bonds are generally raised for large scale borrowings.

Bonds are issued to many lenders whereas notes are directed to one lender.

Notes payable can be short term or long term depending on the duration for which loan raised. Bonds are generally issued to raise long term debts.

Notes payable are usually small business debts to fund business whereas bonds payable are large scale debts to finance big projects.

Despite being similar, there are several differences between notes payable and bonds payable which have been explained above.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

100%

Chapter 10, Problem 1DQ

To determine

Notes Payable:

Notes payable are the financial instrument which contains a written promise from the person who furnishes the note to pay a certain sum with interest to the lender on a specific date.

Bonds Payable:

Bonds payable are financial instrument, generally issued to raise a large amount of debt with an assurance to repay the sum with applicable interest.

To explain: The difference between notes payable and bonds payable.

Explanation:

Difference between notes payable and bonds payable:

Notes payable are not issued to general public but bonds payable are issued to general public.

Sum raised through notes payable is comparatively less than the sum which can be raised through bonds. It means bonds are generally raised for large scale borrowings.

Bonds are issued to many lenders whereas notes are directed to one lender.

Notes payable can be short term or long term depending on the duration for which loan raised. Bonds are generally issued to raise long term debts.

Notes payable are usually small business debts to fund business whereas bonds payable are large scale debts to finance big projects.

Despite being similar, there are several differences between notes payable and bonds payable which have been explained above.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

100%

Chapter 10, Problem 1DQ

To determine

Notes Payable:

Notes payable are the financial instrument which contains a written promise from the person who furnishes the note to pay a certain sum with interest to the lender on a specific date.

Bonds Payable:

Bonds payable are financial instrument, generally issued to raise a large amount of debt with an assurance to repay the sum with applicable interest.

To explain: The difference between notes payable and bonds payable.

Explanation:

Difference between notes payable and bonds payable:

Notes payable are not issued to general public but bonds payable are issued to general public.

Sum raised through notes payable is comparatively less than the sum which can be raised through bonds. It means bonds are generally raised for large scale borrowings.

Bonds are issued to many lenders whereas notes are directed to one lender.

Notes payable can be short term or long term depending on the duration for which loan raised. Bonds are generally issued to raise long term debts.

Notes payable are usually small business debts to fund business whereas bonds payable are large scale debts to finance big projects.

Despite being similar, there are several differences between notes payable and bonds payable which have been explained above.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Question

100%

Answer 6

Question

100%

Answer 7

Chapter 10, Problem 1DQ

To determine

Notes Payable:

Notes payable are the financial instrument which contains a written promise from the person who furnishes the note to pay a certain sum with interest to the lender on a specific date.

Bonds Payable:

Bonds payable are financial instrument, generally issued to raise a large amount of debt with an assurance to repay the sum with applicable interest.

To explain: The difference between notes payable and bonds payable.

Explanation:

Difference between notes payable and bonds payable:

Notes payable are not issued to general public but bonds payable are issued to general public.

Sum raised through notes payable is comparatively less than the sum which can be raised through bonds. It means bonds are generally raised for large scale borrowings.

Bonds are issued to many lenders whereas notes are directed to one lender.

Notes payable can be short term or long term depending on the duration for which loan raised. Bonds are generally issued to raise long term debts.

Notes payable are usually small business debts to fund business whereas bonds payable are large scale debts to finance big projects.

Despite being similar, there are several differences between notes payable and bonds payable which have been explained above.

Answer 8

Chapter 10, Problem 1DQ

To determine

Notes Payable:

Notes payable are the financial instrument which contains a written promise from the person who furnishes the note to pay a certain sum with interest to the lender on a specific date.

Bonds Payable:

Bonds payable are financial instrument, generally issued to raise a large amount of debt with an assurance to repay the sum with applicable interest.

To explain: The difference between notes payable and bonds payable.

Explanation:

Difference between notes payable and bonds payable:

Notes payable are not issued to general public but bonds payable are issued to general public.

Sum raised through notes payable is comparatively less than the sum which can be raised through bonds. It means bonds are generally raised for large scale borrowings.

Bonds are issued to many lenders whereas notes are directed to one lender.

Notes payable can be short term or long term depending on the duration for which loan raised. Bonds are generally issued to raise long term debts.

Notes payable are usually small business debts to fund business whereas bonds payable are large scale debts to finance big projects.

Despite being similar, there are several differences between notes payable and bonds payable which have been explained above.

Answer 9

Chapter 10, Problem 1DQ

To determine

Notes Payable:

Notes payable are the financial instrument which contains a written promise from the person who furnishes the note to pay a certain sum with interest to the lender on a specific date.

Bonds Payable:

Bonds payable are financial instrument, generally issued to raise a large amount of debt with an assurance to repay the sum with applicable interest.

To explain: The difference between notes payable and bonds payable.

Explanation:

Difference between notes payable and bonds payable:

Notes payable are not issued to general public but bonds payable are issued to general public.

Sum raised through notes payable is comparatively less than the sum which can be raised through bonds. It means bonds are generally raised for large scale borrowings.

Bonds are issued to many lenders whereas notes are directed to one lender.

Notes payable can be short term or long term depending on the duration for which loan raised. Bonds are generally issued to raise long term debts.

Notes payable are usually small business debts to fund business whereas bonds payable are large scale debts to finance big projects.

Despite being similar, there are several differences between notes payable and bonds payable which have been explained above.

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 13

Ch. 10 - Prob. 1QS Ch. 10 - Prob. 2QS Ch. 10 - Prob. 3QS Ch. 10 - Prob. 4QS Ch. 10 - Prob. 5QS Ch. 10 - Prob. 6QS Ch. 10 - Prob. 7QS Ch. 10 - Prob. 8QS Ch. 10 - Prob. 9QS Ch. 10 - Prob. 10QS

Videos

Want to see the full answer?

Chapter 10 Solutions