Examlex
In the figure above, what is the name of the first action?
Current Liability
A company's debts or obligations that are due to be paid to creditors within one year.
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.
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