- Accounting Home
- General Ledger Account Definitions
- Liabilities & Fund Equity
- 20xxxx: Payables - Current
20xxxx: Payables - Current
Payables represent amounts owed by Duke University to vendors and others. Obligations payable within one year are classified as current.
II. G/L ACCOUNT DEFINITIONS
Represents payables for library materials (books, journals, microfilm, etc.) purchased by all the University libraries except the Medical Center.
Represents foreign royalties payable to individuals by Duke Press.
Represents the estimated professional liability of the Duke University Hospital Trust Fund.
Represents student loan fees collected from borrowers and payable to the Higher Education Assistance Foundation for Parent Loans.
Represents a clearing account for gift money received to pay the premiums on life insurance policies that have been given to the University.
To record sales tax payable for sales delivered to locations outside of North Carolina.
Track student insurance payables by fiscal year