|Accrued expenses payable|
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Definition of Accrued expenses payable
Accrued expenses payable
expenses that have to be recorded in order for the financial statements to be accurate. accrued expenses usually do not involve the receipt of an invoice from the company providing the goods or services.
accrued expenses payable
The account that records the short-term, noninterest-
A relatively small percent increase or decrease in
Money owed to suppliers.
Amounts a company owes to creditors.
Amounts owed by the company for goods and services that have been received, but have not yet been paid for. Usually Accounts payable involves the receipt of an invoice from the company providing the services or goods.
Short-term, non-interest-bearing liabilities of a business
Acurrent liability on the balance sheet, representing short-term obligations
Amounts due to vendors for purchases on open account, that is, not evidenced
The number of days it would take to pay the ending balance
Income that has been earned but not yet received. For instance, if you have a non-registered Guaranteed Investment Certificate (GIC), Mutual Fund or Segregated Equity Fund, growth accrues annually or semi-annually and is taxable annually even though the gain is only paid at maturity of your investment.
The accumulated coupon interest earned but not yet paid to the seller of a bond by the
The amount of interest accumulated on a debt security between
The amount of interest owing but not paid.
For investment companies, the management fee and "other expenses,"
Amounts owed by the company that have been formalized by a legal document called a bond.
The costs incurred in buying, making or producing goods and services.
Costs involved in running the company.
Cost of doing business which does not change with the volume of business. Examples might be rent for business premises, insurance payments, heat and light.
fixed expenses (costs)
expenses or costs that remain the same in amount,
What was spent to run the non-sales and non-manufacturing part of a company, such as office salaries and interest paid on loans.
The amount of interest that is owed but has not been paid at the end of a period.
Amounts that have been loaned to the company and that it still owes.
Amounts owed by the company that have been formalized by a legal document called a note.
The total amount that was spent to run a company this year.
The amount of money the company must spend on overhead, distribution, taxes, underwriting the risk and servicing the policy. It is a factor in calculating premium rates.
Payable through drafts
A method of making payment that is used to maintain control over payments made
Related: Accounts payable.
Payroll taxes payable
The amount of payroll taxes owed to the various governments at the end of a period.
expenses that have been paid for but have not yet been used up; examples are prepaid insurance and prepaid rent.
Operating expenses that vary in proportion to
Salaries that are owed but have not been paid at the end of a period.
What was spent to run the sales part of a company, such as sales salaries, travel, meals, and lodging for salespeople, and advertising.
expenses that vary in close proportion to changes
Those that vary with the amount of goods you produce or sell. These may include utility bills, labor, etc.
expenses that change with changes in either sales volume
Current means that these liabilities require payment in
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