Differentiate among accounts payable, notes payable, and accrued expenses.

QUESTION: (100 Words)Differentiate among accounts payable, notes payable, and accrued expenses.JEROME’s Answer: (70 Words)Accounts payable is money owed to a company for their product and services, Notes payable arepromissory notes that is provided to a Leander for a company if the company needs to borrowmoney, and accured expenses is money that the company puts out in order for it to stay inbusienss. Usually when a company starts a business they normally have to take out a loan fromthe bank that would be considered a promissory note, then in order for a company to operate itwill need to by supplies and pay employees that would be considered as accrued expenses, thenwhen a company owes money to another company such as shipping charges then that would beconsidered accounts payable.CLARENCE’s Answer: (70 Words)The differentiate among accounts payable, notes payable, and accrued expenses are as follows:1.The accounts payable are accounts that owed to the company for their goods andservices.2.The notes payable are recorded obligations in the form of written promissory notes.These note ore often used instead of accounts payable.3.The accrued expenses are expenses that the company does not pay at the time they areaccrued such as wages, taxes, and interests. The company will record accrued expenses ofthe balance sheet to be pay in the near future.

 

CLICK HERE TO ORDER A SIMILAR PAPER

We pride ourselves in writing quality essays

CLICK HERE TO CONTACT US

Lets Start Working

Plagiarism Free

We use anti-plagiarism software to ensure you get high-quality, unique papers. Besides, our writers have a zero plagiarism mentality

On Time Delivery

Your essay will be delivered strictly within the deadline.  If you have an urgent order, we can do it!

Money Back Guarantee

We offer warranty service, including free revisions, and a right to request a refund incase your expectations are not met!

THE BEST PAPER WRITER HELPER

Our Advantage

  • Say “NO” to plagiarism – FREE plagiarism report as an addition to your paper
  • The lowest prices that fit excellent quality
  • Authorship – you are the one who possesses the paper. We DO NOT re-sale or re-use any of them.

OUR PAPER WRITER HELPER GOODIES

Our Freebies

  • Free Cover Page
  • Free Revisions
  • Free Reference Page
  • Free 24/7 support

Pin It on Pinterest

Share This