Meaning interest payable
What does interest payable mean? Here you find 4 meanings of the word interest payable. You can also add a definition of interest payable yourself
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interest payableThis current liability account reports the amount of interest the company owes as of the date of the balance sheet. (Future interest is not recorded as a liability.)
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interest payableDefinition Interest that is owed but has not yet been paid. Accounting reports will show the amount of interest that is owed on a balance sheet.
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interest payableAmount a company pays in the form of interest, e.g. on cash borrowings.
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interest payableA liability account reflecting the amount of interest owed by the state. In governmental funds, interest is to be recognized as an expenditure in the accounting period in which it becomes due and paya [..]
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