Revelant knowledge

The notes receivable relate to an asset in which the lender is able to receive the principal amount and interest when the note matures. the note. The note is able to be traded and the money could be withdrawn from the note prior to the time of maturity. The receivables from notes are shown on the balance sheet as assets. your balance sheets. The interest payable prior to expiration is recorded on the account books on an accrued basis. The interest earned is a source of income for the money lender.