Salient features of a promissory note, accounting, Basic Statistics

What are the salient features of a Promissory Note?

Ans. a) A Promissory Note is made by the promiser who undertakes to pay the mentioned amount of Bill to the bearer of the Promissory Note.

b) Promissory Note is signed by a promiser.

c) A required stamp duty is levied on the Promissory Note.

d) The payment is done to the seller or person who is payee by the promiser
Posted Date: 3/26/2012 1:08:59 PM | Location : United States







Related Discussions:- Salient features of a promissory note, accounting, Assignment Help, Ask Question on Salient features of a promissory note, accounting, Get Answer, Expert's Help, Salient features of a promissory note, accounting Discussions

Write discussion on Salient features of a promissory note, accounting
Your posts are moderated
Related Questions
What is hurdle rate? In investment spending budget, challenge amount is the minimal amount that an organization desires to earn when getting a venture. Hence the challenge amou

At the end of their first year of teaching, 11 teachers were jointly ranked by two school administrators to reflect their relative degree of teaching competence. Unknown to the adm

A sample of 40 golfers showed that their average on a particular course was 94 with a standard deviation of 6. a. Find the 95% confidence interval of the mean score for all golf

Statistical process control, a methodology used for controlling and improving the outcomes of operational processes, has been in use for almost 100 years!  It was widely used in ma

regression line drawn as y=c+1075x,when x was 2,and y was 239,given that y intercept was 11.calculate the residual

what are the procedure of job order costing


It's a fact of business–if an organization has workers, it has to account for paycheck and edge advantages. In this description of paycheck bookkeeping we'll present paycheck, e

midpoint of class containing highest frequency

Textbook The basic practice of statistics, 5th Edition by David S. Moore; Freeman EX:14.37, 14.38, 14.39, 17.5, 17.28a