Definition of Accounts Payable | What is Accounts Payable. – Definition: When a company purchases goods on credit which needs to be paid back in a short period of time, it is known as Accounts Payable.It is treated as a liability and comes under the head current liabilities’.

Definition of MORTGAGE LOAN PAYABLE: Throughout the accounting period on the balance sheet principal interest payment transactions are recorded. The balance is transferred to the next The Law Dictionary Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

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Loan payable loan payables need to be classified under current or non-current liabilities depending on the maturity of loan re-payment. For example, if a loan is to be repaid in 3 years’ time, the liability would be recognized under non-current liabilities.

A loan or note payable is an amount owed to a creditor for a line of credit or for capitalization of the business. Sometimes small businesses borrow money from the bank to start the business and then make payments to the bank to repay the loan.

Definition of mortgage loan payable: transactions involving principal interest payments are recorded throughout the accounting period on the balance sheet.

A loan payable is a financing arrangement, essentially a borrowing of money to finance an activity. A payable loan would normally indicate the loan needs to be repaid within the next 12 months (current v non current)

Loan Payable Definition – Westside Property – mortgage loan payable definition. A liability account whose balance is the unpaid principal balance as of the balance sheet date. The amount of principal required to be paid within 12 months of the balance sheet date is reported as a current liability.

A loan or note payable is an amount owed to a creditor for a line of credit or for capitalization of the business. Sometimes small businesses borrow money from the bank to start the business and then make payments to the bank to repay the loan.

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mortgage loan payable: Transactions involving principal interest payments are recorded throughout the accounting period on the balance sheet. If the principal is unpaid at the end of the accounting period, the balance is transferred to the next accounting year.