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interest payable definition This 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.) For instance, debt can be taxes a business has to pay, or interest on a loan that has accumulated.
Definition of Interest Payable Interest payable is the interest expense that has been incurred (has already occurred) but has not been paid as of the date of the balance sheet. [interest payable does not include the interest for periods after the date of the balance sheet.]
interest payable. interest payable is the amount of interest on its debt and capital leases that a company owes to its lenders and lease providers as of the balance sheet date. This amount can be a crucial part of a financial statement analysis, if the amount of interest payable is greater than the normal amount – it indicates.
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Accrued interest is calculated based on the last day of the accounting period. For example, if interest is payable on the 20th of each month, and the accounting period is the end of each calendar.
Life interest definition: interest (esp from property) that is payable to a person during their life but ceases. | Meaning, pronunciation, translations and examples. interest payable definition This current liability account reports the amount of interest the company owes as of the date of the balance sheet.
Define Interest Payable | Nationalhomeplans – – Definition of interest payable. interest payable. The amount of interest that is owed but has not been paid at the end of a period.
interest payable definition. This 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.)
Sixteen firms self-reported undisclosed conflicts of interest about the kinds of mutual funds they. along with a $300,000.
Interest payable is a liability account that shows an entity’s future interest payments for using another entity’s money. For example, taking a long in a bank usually means that the borrower will have to repay the principal and interest.