Interest that is owed but has not yet been paid. Accounting reports will show the amount of interest that is owed on a balance sheet.
Related information about interest payable:
- interest payable definition | AccountingCoach.com
This current liability account reports the amount of interest the company owes as of the date of the balance sheet.
- Accounting Principles II: Notes Payable
250. Interest Payable. 250. To accrue 3rd quarter interest. Oct. 1. Interest Payable . 250. Cash. 250. To pay interest. Interest Payable. 250. To accrue 4th quarter ...
- Interest Payable - Financial Dictionary - The Free Dictionary
The interest that a company owes for the present accounting period but has not yet paid. Interest payable is listed as a liability on a balance sheet. Want to thank ...
- Accrued interest vs interest payable
Interest payable is the interest that has not yet been paid to the customer on the deposit. Accrued interest is interest that is accumulated over a period ,especially ...
- Biz/ed - Profit and Loss Account - Notes - Business Accounts ...
Dec 31, 1998 ... The level of interest payable is therefore the total amount of interest the ... The amount of interest payable will depend on how much money the ...
- interest payable : defined at Finance Glossary
interest payable : An accounting term which refers to the amount a company pays in the form of ... The figure for interest payable can be found in the balance sheet.
- Notes Payable
... Interest Expense (100,000 x 12% x 2/12) 2,000 Interest Payable 2,000 > February 1 - Repayment of note and interest Notes Payable 100,000 Interest Payable ...
- What is interest payable? definition and meaning
Definition of interest payable: The record of how much interest has been paid on investments.