| Question | Answer |
| Accounts Payable | Currency owed by a business organization to others for products or services received. |
| Accrued Liabilities | Currency owed by a business organization to others for products or services received and not recorded in accounts payable. |
| Unearned or Deferred Revenue | Products or services owed by a business organization to others for currency received. |
| Notes Payable | Currency owed by a business organization to others for currency, products or services received that is acknowledged with a signed written contract. |
| taxes payable | Currency owed by a business organization to a government agency for taxes. |
| Salaries and Wages Payable | Currency owed by a business entity to employees for the services they performed. |
| Interest Payable | Currency owed by a business entity to others for borrowed resources. |
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