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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.

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Q: Where to enter interest on note payable on a trial balance?
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If the accounts payable account balance increase on the trial balance?

account payable increase on trial balance


Accounts Payable is considered a on the Trial Balance?

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What are accounts payable on a trial balance?

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What does it means it the accounts payable balance has increased on the Trial Balance?

Accounts Payable are the amounts owing by the business to its creditors.in a situation where the Accounts Payable balance has increased in the trial balance means that the amount owing by the business has increased probably due to more credit purchases.


What does it mean when the accounts payable balance has increased on the trial balance?

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On a company's Trial Balance what is the accounts payable?

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