0
What else can I help you with?
What is the definition of the term payable?
The term payable as an adjective refers to something that is due or required to be paid. As a noun the word payable is a liability or debt owed by a business.
What are the types of liabilities?
In accounting terms, liability describes an obligation. It refers to money owed to complete a transaction, debt that has yet to be paid, or products or services that have been paid for but have not yet been rendered. There are two general classifications to sum up these types of liability: long term and short term/current liability. Long-term describes debt paid out over more than one year, while short-term liability refers to debt paid within a year or less. the two types of liability(in Business matter) are: 1.current liability 2.long-term liability
What are the types of liability insurance?
In accounting terms, liability describes an obligation. It refers to money owed to complete a transaction, debt that has yet to be paid, or products or services that have been paid for but have not yet been rendered. There are two general classifications to sum up these types of liability: long term and short term/current liability. Long-term describes debt paid out over more than one year, while short-term liability refers to debt paid within a year or less. the two types of liability(in Business matter) are: 1.current liability 2.long-term liability
Which term refers to your legal responsibility in case you are involved in an accid?
liability
What is the term that refers to a liability that promises a future outflow of resources?
"payable"
The term curpus delicti refers to strict liability offense?
False
What term means the failure to pay taxes owed to the government?
evasion
What term means failure to pay taxes owed to the government?
evasion
Which term refers to the Constitution of workers who could never afford to pay what they owed?
debt peonage (apex)
In the tort of negligence the legal term 'injuria' means?
'Injuria' in the tort of negligence refers to the breach of duty owed by the defendant to the plaintiff. It signifies that the defendant's actions or inactions have caused harm or injury to the plaintiff, resulting in a legal claim for compensation. This term is essential in establishing liability and quantifying damages in negligence cases.
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.
Which term refers to the condition of workers who could never afford to pay what they owed to a company store?
Debt peonage
