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The rate of interest that is actually incurred on a bond payable is called?
Wiki User
∙ 12y ago
Effective rate.
Wiki User
∙ 12y ago
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What is the money owed to creditors called?
Accounts Payable
Who is the person to whom a check is made payable is called?
The payee
What is A process where interest is paid on interest?
it's called compound interest
What is internal liability of business?
The total amount of debts payable by a business to its owners are called internal liabilities e.g., capital.Example-For a company Internal liability mean that company will pay salary, so salary is internal liability, and the company will pay interest to bank it is external liability.
Is the money you receive for letting others use your money called interest?
Interest
Where to enter interest on note payable on a trial balance?
A Note Payable is a liability to the company and is listed under liabilities. This with any other account you find that is called a "payable" is a liability. A "payable" account refers to money owed by the company that has not yet been paid, but will be paid in the near future. These include anything from Accounts Payable to Wages and even Income Taxes Payable. Just remember the key term is "payable", meaning owed but not yet paid.
What is a bank certificates of deposit called a time deposit?
time deposit means payable at specified time same is the case with bank deposit ie. fixed deposit that is payable after certain period means not less than 7 days to earn interest so fds are called as time deposit
What is the activity that is thought to cause a cost to be incurred?
The activity that is thought to cause a cost to be incurred is called an
What is the description for an accounts payable position?
An accounts payable position is called a Purchase Ledger Clerk
Expenses that have been incurred but not recorded in the accounts?
Expenses incurred but not yet paid or recorded are called accrued expenses.
Accounts Payable represents amounts owed to debtors True False?
False, Accounts payable represents the amount payable to creditors rather debtors which is called accounts receivable.
What is money owed to a business called?
Accounts Payable
What is the money owed to creditors called?
Accounts Payable
What are the differences between account payable and note payable?
Account payable is created when goods purchased on credit from vendors but if note is issued to vendor until maturity date to be used to fulfil needs then that note is called notes payable.
When did Prasutagus leave half of his possessions to Rome?
Prasutagus did not actually leave his possessions to the Romans. He had incurred heavy debts with the Romans to finance his lavish lifestyle. When he died the creditors called in the debts.
Are accounts payable and income fees called revenues?
yes
Who is the person to whom a check is made payable is called?
The payee
