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Royalty payable refers to the payment made by one party to another for the use of assets, such as intellectual property, Natural Resources, or proprietary technology. This fee is typically calculated as a percentage of revenue generated from the use of the asset or as a fixed amount per unit sold. Royalties are common in industries like music, publishing, and natural resources, where the owner of the asset receives compensation for its utilization by others.
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WHAT IS etd payable?
ETD payable = Employer Tax Deductions Payable
Difference between account payable and bills payable?
Accounts Payable releted to Creditors and Bills payable releted to bank.
How are a schedule of accounts payable prepared?
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
Is salaries payable a liability?
Salaries payable is liability payable in future time period.
Journal entry to record the conversion of an 250 accounts payable to a notes payable?
debit accounts payable 250credit notes payable 250
What is the difference between rent and royalty?
Rent is the consideration payable for the use of tangible assets i.e. Building and machinery etc. Royalty is the consideration payable for the use of special right in a tangible or intangible asset.
WHAT IS etd payable?
ETD payable = Employer Tax Deductions Payable
Difference between account payable and bills payable?
Accounts Payable releted to Creditors and Bills payable releted to bank.
How are a schedule of accounts payable prepared?
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
Is salaries payable a liability?
Salaries payable is liability payable in future time period.
Can you make a sentence with the word commoners?
The royalty had complete disdain for the commoners.The royalty had complete disdain for the commoners.The royalty had complete disdain for the commoners.The royalty had complete disdain for the commoners.The royalty had complete disdain for the commoners.The royalty had complete disdain for the commoners.The royalty had complete disdain for the commoners.The royalty had complete disdain for the commoners.The royalty had complete disdain for the commoners.The royalty had complete disdain for the commoners.The royalty had complete disdain for the commoners.
Journal entry to record the conversion of an 250 accounts payable to a notes payable?
debit accounts payable 250credit notes payable 250
What are the procedures account payable?
acoounting payable
Is payable debit or credit?
payable is credit
Who is responsible for posting authorized credits to accounts payable?
Accounts Payable clerk
Is notes payable an asset or a liability?
Accounts Payable and Notes Payable are liabilities. Accounts receivable - assets All "payable" accounts are "liabilities". This is because a liability is something the company OWES, a payable is the very same thing, hence the term "payable". Though some payable accounts change from being a payable to an expense, they are still liabilities as long as they are "payable", these include: Interest Payable (liability until paid, then reverts to Interest Expense) Salary or Wages Payable(liability until paid, then reverts to salary or wage expense) Payable accounts maintain a "credit" balance, meaning they increase with a Credit and Decrease with a debit. Now the quick answer: Payable = Liability Receivable = Asset
Accounts payable vs bills payable?
account payable is a current liability for item purchased on credit
