Question | Answer |
Accounts Payable | Currency owed by a business organization to others for products or services received. |
Accrued Liabilities | Currency owed by a business organization to others for products or services received and not recorded in accounts payable. |
Unearned or Deferred Revenue | Products or services owed by a business organization to others for currency received. |
Notes Payable | Currency owed by a business organization to others for currency, products or services received that is acknowledged with a signed written contract. |
taxes payable | Currency owed by a business organization to a government agency for taxes. |
Salaries and Wages Payable | Currency owed by a business entity to employees for the services they performed. |
Interest Payable | Currency owed by a business entity to others for borrowed resources. |
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