Talk About: -Compass and Astrolabe

question 57

Essay

Talk about:
-compass and astrolabe

---

Definitions:

Note Payable

An obligation in the form of a written promissory note requiring the borrower to repay the lender a specific sum of money on demand or at a predetermined date.

Interest Payable

This is the amount of interest expense that has accumulated but not yet been paid by a company.

Treasurer's Department

The treasurer's department is responsible for managing a company's financial assets, including cash flow, investments, and corporate financing.

Approving The Payroll

The process of verifying the accuracy of employees' pay before distribution.