What does the term "on note" means?

All the discussion which is not possible in the above forums should be posted here.
Post Reply
akumar.oracle
Posts: 195
Joined: Sat May 31, 2008 1:29 pm
Location: India

What does the term "on note" means?

Post by akumar.oracle »

Hi,
I am trying to understand bank statement and accounting enteries in oracle financial.

I came across the term on note which is not making much sense to me as i dont have accounting background.

"The bank collected on note on behalf of the XYZ Company.."

Can anyone please explain me the meaning of this term

ta
Arvin
Post Reply

Who is online

Users browsing this forum: No registered users and 4 guests