Flashcards
Liabilities
Cards in this deck (7)
- 1Accounts PayableCurrency owed by a business organization to others for
products or services received. - 2Accrued LiabilitiesCurrency owed by a business organization to others for
products or services received and not recorded in accounts
payable. - 3Unearned or Deferred RevenueProducts or services owed by a business organization to
others for currency received. - 4Notes PayableCurrency owed by a business organization to others for
currency, products or services received that is acknowledged
with a signed written contract. - 5taxes payableCurrency owed by a business organization to a government
agency for taxes. - 6Salaries and Wages PayableCurrency owed by a business entity to employees for the
services they performed. - 7Interest PayableCurrency owed by a business entity to others for borrowed
resources.