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A pattern of behavior developed by an organization as it learns to cope with its problems of external adaptation and internal integration, and that has worked well enough to be considered valid and to be taught to new members as the correct way to perceive, think, and feel is called
Interest Payable
This is a liability account that records the amount of interest the company owes but has not yet paid.
Notes Payable
Written agreements where a borrower agrees to pay back a specified sum of money to a lender at a future date, typically with interest.
Sales Taxes Payable
Liabilities owed to local, state, or federal tax authorities from sales made, collected by the company from customers at the time of sale.
Interest Charged
Interest charged refers to the cost of borrowing money, usually expressed as a percentage of the principal loan amount to be paid over a specific period.
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