Yes bonds payable means liability..first of all wherever the word payable denotes for paying that shows liability
Bonds payable is liability for business which is refundable in future and like all liabilities which have credit balance as default balance bonds payable also has credit balance as default balance.
Bonds Payable would be a liability and therefore normally maintain a credit balance.
Normal balance of bonds payable account is credit account and it is shown under liability side of balance sheet because these are the amounts payable in future.
no, it is current liability
Yes bonds payable means liability..first of all wherever the word payable denotes for paying that shows liability
Bonds payable is liability for business which is refundable in future and like all liabilities which have credit balance as default balance bonds payable also has credit balance as default balance.
Bonds Payable would be a liability and therefore normally maintain a credit balance.
Serial bonds.
Normal balance of bonds payable account is credit account and it is shown under liability side of balance sheet because these are the amounts payable in future.
Bonds payable is classified as liability in balance sheet. That portion which is payable in current fiscal year as current liability while remaining portion as non-current liability.
no, it is current liability
True
bonds payable are shown in balance sheet under current as well as non-current liability portion as that much amount which is payable within current year is current liability and remaining is non-current liability.
A closed bond refers to a type of bond issuance where the company or entity offering the bond limits the number of bonds issued. Once the predetermined number of bonds is sold, no additional bonds will be offered for sale, hence the term "closed." This is in contrast to an open bond issuance, where bonds are continuously available for purchase.
bonds payable and commercial paper
deductions