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Is a Promissory note supposed to be deposited as an asset or a liablilty

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in the banks account when someone wishes to buy a home?

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in the banks account when someone wishes to buy a home?

The promissory note has no meaning in this context.

A wish has no value in business.

The promissory note is not created unless and until it is signed by the borrower(s).

You can discuss terms of the promissory note all day long and in real estate it is not in effect unless and until it is in writing. Look up "statute of frauds" as it relates to real estate. For example: The Statute of Frauds and Contract Law

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Then does the Pomissory note, once signed by the borrower used to obtain credit, deposited as an asset or a liablitiy in the account/accounting created for the buyer?

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