garnishment payable definition
This current liability account reports the amount a company must remit to a court or other agencies for amounts withheld from its employees' salaries and wages.
This current liability account reports the amount a company must remit to a court or other agencies for amounts withheld from its employees' salaries and wages.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.