Houston Chronicle

How to Journalize Notes Payable to Accounts Payable

According to Survey of Accounting, accounting uses a double-entry system, which is shown as a T. The left side of the T has debits and the right side has credits. Journals use the double-entry ...

Accounts Payable Explained: Liability vs. Expense in Business

Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's ...
Houston Chronicle

How to Determine the Notes Payable

Notes payable is accounting-speak for promissory notes, written commitments that say you've borrowed money and have to pay it back. Like other outstanding debts, notes payable affect your bottom line.
Investopedia

Accrued Expenses vs. Accounts Payable: What’s the Difference?

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...