Paper Promissory note, one of the payment methods, is a written document, in which the customer acknowledges its Debt and undertakes to pay the supplier on the due date. Paper Promissory note is a physical proof of the existence of a receivable in the accounts of a supplier. Also called Promissory note.

(See Chapters 22 and 47 of the Vernimmen)

To know more about it, look at what we have already written on this subject