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ETD payable = Employer Tax Deductions Payable

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ETD payable = Employer Tax Deductions Payable

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Accounts Payable releted to Creditors and Bills payable releted to bank.

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An accounts payable is a "Liability" account. Payable being the "key" word, meaning something you have to "Pay" or "Owe".

ALL payable accounts are liabilities no matter what they are for. Whether it is a bill payable, mortgage payable, note payable, wages payable, etc, they are all listed as a liability.

Rahul

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Salaries payable is liability payable in future time period.

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debit accounts payable 250
credit notes payable 250

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