Accounts Payable Questions

The chart of accounts is designed to to meet the information needs of a company and other financial statement users.

Standard deviation measures total risk in stocks.

The words "asset" and "liability" are two very common words in accounting. Liabilities are legally binding obligations that are payable to another person or entity. Accounts payable, loans, mortgages, deferred revenue,... come under liabilities.

Direct tax is a tax directly paid to the government by the individuals or organizations on whom it is imposed. Sales Tax is paid for the sales of certain goods and services.

A 10 year, 5% coupon bond has the greatest interest rate price risk.

A legal strategy that allows a government to grab hold of private property for public use is known as eminent domain. The seizing authority must pay fair market value for the property seized.