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What is the difference between notes payable and bonds payable?
Notes payable are written agreements between a lender and a borrower - essentially a loan. Bonds payable also are, in essence, a loan. However, bonds are issued as many "coupons," thus broadening the potential investor (lender) pool. If a business needs, for example, $500,000 to fund an enterprise, it can generally obtain a loan in the form of a note payable. If a business needs $10,000,000 to fund an enterprise, it may more easily raise capital through issuing, say, 1,000 coupon bonds at $10,000 face value each instead of asking for a $10 million loan. Both notes and bonds may be traded on the financial markets, thus they are treated quite similarly for accounting purposes.
Is bonds payable a liability account?
Bonds are the form of finance which a company issue to external investors to get finance for running of business and bonds are issued to raise capital to use for investment or daily operations as it is a long term debt that;s why it is the liability of the company to payback to original investors at specific future time for which debt is raised.
What type of account is accounts payable?
Salary Payable, like other payable accounts are liabilities. It's something the company owes, therefor they are "liable" for that amount making it a liability. Once paid it is then an "expense"For example, you have $5,000 in salaries to pay, but you won't pay them until the following month, in accrual accounting we would do two entries for this transaction.Salary Expense (debit) $5,000Salaries Payable (credit) $5,000Because Salary Payable is a liability account it maintains a credit balance and is increased with a credit and decreased with a debit. Once the salaries are paid the adjusting entry would be:Salaries Payable (debit) $5,000Cash (credit) $5,000its nominal account & this Entry is salary a/c
What is the journal entry to write off a notes payable liability?
Since we are referring to a "note" payable, more than likely you will have paid interest on the note. Although it will be similar to paying off other payable accounts, there is the difference of "Interest Expense". More than likely, since this is a Note Payable, the company is paying for some form of PP&E (property, plant & equipment). Since most "notes" charge interest the interest doesn't count as part of the Long-Term Asset (PP&E) but is rather a business expense that is recorded as an expense as it is paid. Let's say we bought a Company Car to use for business and our final payment on it was $1500, of that let's say $250 is interest, our journal entry would read! Note Payable (debit) $1250 Interest Expense (debit) $250 Cash (credit) $1500 The numbers I used are just plugged numbers and just used to show the placement of the accounts and what gets credited and debited. I hope that helps.
Check received is that an account payable?
No it's cash. Though it is in the form of a "check" it is easily transferred to cash and is recorded as such. Also, even if it wasn't considered cash (it is) it would be a receivable, not a payable.
What is notes payable?
The phrase notes payable is a result of a purchase made by a business and is a form of receipt.
What is the difference between notes payable and bonds payable?
Notes payable are written agreements between a lender and a borrower - essentially a loan. Bonds payable also are, in essence, a loan. However, bonds are issued as many "coupons," thus broadening the potential investor (lender) pool. If a business needs, for example, $500,000 to fund an enterprise, it can generally obtain a loan in the form of a note payable. If a business needs $10,000,000 to fund an enterprise, it may more easily raise capital through issuing, say, 1,000 coupon bonds at $10,000 face value each instead of asking for a $10 million loan. Both notes and bonds may be traded on the financial markets, thus they are treated quite similarly for accounting purposes.
What is the fullform of VPP?
The full form of VPP is "Value Payable Post"
Is bonds payable a liability account?
Bonds are the form of finance which a company issue to external investors to get finance for running of business and bonds are issued to raise capital to use for investment or daily operations as it is a long term debt that;s why it is the liability of the company to payback to original investors at specific future time for which debt is raised.
What type of account is accounts payable?
Salary Payable, like other payable accounts are liabilities. It's something the company owes, therefor they are "liable" for that amount making it a liability. Once paid it is then an "expense"For example, you have $5,000 in salaries to pay, but you won't pay them until the following month, in accrual accounting we would do two entries for this transaction.Salary Expense (debit) $5,000Salaries Payable (credit) $5,000Because Salary Payable is a liability account it maintains a credit balance and is increased with a credit and decreased with a debit. Once the salaries are paid the adjusting entry would be:Salaries Payable (debit) $5,000Cash (credit) $5,000its nominal account & this Entry is salary a/c
Do metals form covalent bonds?
no. they form ionic bonds.
When bonds break and new bonds form?
When bonds break and new bonds form, a chemical reaction has taken place.
What types of bonds are there in atoms?
The types of bonds are corporate bonds, junk bonds ,treasury bonds and municipal bonds. There are saving bonds also.
What type of bonds does fermium form?
Fermium form ionic bonds.
Do neon usually form bonds?
Yes, they always form bonds
What kind of bonds can nitrogen form?
Nitrogen can form covalent bonds.
Can water form hydrogen bonds form with itself?
Intermolecular bonds of water molecules are hydrogen bonds.
