Promise to pay a certain amount is called ...

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General Accounting Principles Introduction to Accounting Add to Study Deck

Promise to pay a certain amount is called

Account Payable

Notes Payable

Amount Payable

Discount Payable

Explanation:

Promise to pay a certain amount is called Account Payable
Promissory Note. A written, signed, unconditional promise to pay a certain amount of money on demand at a specified time. ... The individual who promises to pay is the maker, and the person to whom payment is promised is called the payee or holder.