Discounting a Notes Receivable | CPA Exam Practice Questions |  Intermediate Accounting
Channel: Farhat Lectures. The # 1 CPA & Accounting Courses
Date: 2020-04-12

This video discuss discounting notes receivable. Discounting means selling or pledging a customer's note receivable to the bank at some point prior to the note's maturity date. Just as accounts receivable can be factored, notes can be converted into cash by selling them to a financial institution at a discount.

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Time Value of Money:  https://www.youtube.com/watch?v=VzHBV8nLVCY&list=PLxP0KZzCGFYO1NtpU1NGpelY0XB_VyjcC