- 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 foreign royalties payable to individuals by Duke Press.
To record sales tax payable for sales delivered to locations outside of North Carolina.