What do you understand by bonds payable?
Question:
What do you understand by bonds payable?
Debts:
The obligation of paying an amount after the completion of a specific period is known as the organization's debt. The payment may include the interest and the principal amount initially borrowed by the organization or an individual.
Answer and Explanation: 1
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View this answerA bond payable is one of the liabilities of the business organizations. It shows the amount that the organization has borrowed from its bondholders....
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Basic Accounting Terms & Phrases
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Chapter 1 / Lesson 5Discover the principles of basic accounting and learn essential accounting terminology. Explore examples of these accounting terms in real-life situations.
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