alarm
Ask a question for free
Accountancy
choice

In accounting accrued intetest for a loan obtained by a business will?

answers: 1
Register to add an answer
Answer:

Accrued interest is reported on the income statement as a revenue or expense, depending on whether the company is lending or borrowing. In addition, the portion of revenue or expense yet to be paid or collected is reported on the balance sheet, as an asset or liability.

133
outstanding
For answers need to register.