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Within the legislative process, what is the relationship between the Majlis and the Expediency Council?
Accrued Interest
Interest that has been incurred but not yet paid, typically recorded as a liability on the balance sheet.
Interest Charged
Interest charged is the cost applied to borrowing money, typically expressed as an annual percentage of the loan amount.
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.
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