Liabilities

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.

Resource summary

	Created by MDcollege almost 11 years ago