Liabilities chap8 Flashcards
1
Q
A
2
Q
Liabilities
A
Obligations
3
Q
Current liabilities
A
A. Accounts payable
B. Note payable
C. Interest payable
D. Utilities payable
E.accrued expenses
F. Unearned revenue
G. Payable to government agencies
4
Q
Financial obligations
A
Accounts payable
5
Q
Obligations with notes
A
Notes payable
6
Q
Fee charge
A
Interest payables
7
Q
Light and water cobsumption
A
Utilities payable
8
Q
Incureed but not yet paid
A
Acrrued expenses
9
Q
Billed in advance
A
Unearned revenue
10
Q
Deduction from salary ex. SSS
A
Payable to government agencies
