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Occupational parity exists when the proportion of minorities and women employed in various occupations within an organization:
Notes Payable
Written promises to pay a certain amount of money, usually with interest, by a specified future date, recorded as liabilities on a balance sheet.
Accounts Payable
Accounts payable is a liability account that records the amounts a company owes to suppliers or vendors for goods or services received but not yet paid for.
Salaries Payable
A liability account representing the amounts owed to employees for work performed but not yet paid.
Net Income
The amount of money left after all expenses have been deducted from total revenues.
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