What does the term "on note" means?
Posted: Wed Dec 24, 2008 7:35 am
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
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