Question

Which account (inventory, accounts payable, notes payable) is most problematic for business?

Answer 1

Answer is Notes payable.

Inventory is the stock of goods purchased during the business operations, it can be sold easily and not at all problem for business man.

Account payable is the amount to be paid to creditors for getting stock or services to run the business whereas note payable is the same but it is the formal agreement entered between to parties regarding payment for goods or services.

Since it is formal agreement and hence enforceable by law that sometimes create problem.