USCPA考试，许多考生都认为FAR这门科目比较难，因此要熟练掌握知识点。高顿网校USCPA小编今天来为大家介绍其他负债和债务契约的相关内容。
　　Other Liabilities and debt covenants
　　债务契约是指企业经理人员代表股东与债权人签订的、用于明确债权人和债务人双方权利和义务的一种法律文书，包括各种贷款契约、债券发行契约等。
　　Trade accounts payable Gross method Vs.Net method
　　In gross method，if invoice was paid within the discount period，a purchase discount is credit.
　　In net method，if invoice was paid after the discount period，a purchase discount lost account is credit.
　　Sales taxes are not an expense of the company collecting the sales taxes from customers.
　　Sales taxes payable should be credited to a payable account after collection and until remitted.
　　Payroll deductions are items withheld from employees out of the gross pay on their paychecks. They do NOT represent an expense to the employer.
　　Unemployment taxes and the employer‘s share of payroll taxes should be accrued by the employer as an expense.
　　Notes must be recorded at present value.
　　Recording any difference between the face amount of the note and its present value as a discount or premium that must be amortized over the life of the note.
　　Common debt covenants
　　Limitations on issuing additional debt
　　Restrictions on the payment of dividends
　　Limitations on the disposal of certain assets
　　Minimum working capital requirements
　　Collateral requirements
　　Limitation on how the borrowed money can be used.
　　Maintenance of specific financial ratios