A note receivable due in 11 months is listed on the balance sheet under the caption current assets.
A note receivable is a written promise to receive money at a future date. The money is usually made up of interest and principal. When the note is due within less than a year, then it is considered a current asset on the balance sheet of the company the note is owed to.
A note receivable is also known as a promissory note. Notes receivable is an bookkeeping account used to track debt and payments from borrowers. Thus, notes receivable due within 11 months is listed on the balance sheet under current assets.
Hence, option C is correct.
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