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Form Lpb 28a 05

Form Lpb 28a 05

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Instructions and help about quitclaim deed

>> Haitham: Hi. We will talk about notes receivable. First of all, we need to know the difference between notes receivable and accounts receivable. Now, in accounts receivable normally it's less formal, so when we sell an item to a customer and we ask -- we allow him to pay sometime in future. Usually we do not ask him to sign too much documents, plus that we not normally charging them interest on top of the amount they owe us for the services or the items we sold to them. But, with notes receivable usually we ask the customer to sign a promissory note for the amount that they owe us, and that amount might be either a service that we provide them, for a service that we provide them or for an item that we sold to them, or maybe we just lend them money. Maybe we're the bank, or a financial organization. So, usually we ask them to sign a promissory note promising us to pay, plus that we normally charge them interest on top of it, and that's what makes

FAQs lpb form 22a

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