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Subjects>Law & Government>United States Government

Where to enter interest on note payable on a trial balance?

Anonymous

∙ 15y ago

Updated: 11/9/2022

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.

Wiki User

∙ 15y ago

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Related Questions

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?

yes, liability accounts are on the trial balance.

Where are accounts payable on a trial balance?

Debit

What is a payable considered on the trial balance?

Payable is considered as liability and shown in credit side of trial balance as these are those amounts which are receivable in future period of time.

How do you post wages payable into the trial balance?

credit

On a trial balance what Are the accounts payable?

debit balances

What are accounts payable on a trial balance?

debit balances

What are the accounts payable on the trial balance?

debit balances

On a trial balance what is the accounts payable?

An account payable is something the company owes but has yet to pay. All payable accounts are listed as liabilities on the books (including the Trial Balance Sheet) until they are paid.

What does it mean when 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 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.

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

An account payable is something the company owes but has yet to pay. All payable accounts are listed as liabilities on the books (including the Trial Balance Sheet) until they are paid.

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