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Financial Terms | |
Salaries payable |
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Definition of Salaries payableSalaries payablesalaries that are owed but have not been paid at the end of a period.
Related Terms:Accounts payableMoney owed to suppliers. ACCOUNTS PAYABLEAmounts a company owes to creditors. Accounts payableAmounts 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. accounts payableShort-term, non-interest-bearing liabilities of a business Accounts payableAcurrent liability on the balance sheet, representing short-term obligations Accounts PayableAmounts due to vendors for purchases on open account, that is, not evidenced Accounts Payable Days (A/P Days)The number of days it would take to pay the ending balance ![]() Accrued expenses payableExpenses 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 payableThe account that records the short-term, noninterest- Bonds payableAmounts owed by the company that have been formalized by a legal document called a bond. Interest payableThe amount of interest that is owed but has not been paid at the end of a period. Loans payableAmounts that have been loaned to the company and that it still owes. Notes payableAmounts owed by the company that have been formalized by a legal document called a note. Payable through draftsA method of making payment that is used to maintain control over payments made PayablesRelated: Accounts payable. Payroll taxes payableThe amount of payroll taxes owed to the various governments at the end of a period. ![]() Current liabilitiesAmount owed for salaries, interest, accounts payable and other debts due within 1 year. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |