Accrued interest is reported on theincome statementas 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 thebalance sheetas an asset or liability. Because accrued interest ise...
the interest is a current liability and an expense on its balance sheet and income statement, respectively. If the company is a lender, it is shown as revenue and a current asset on its income statement and balance sheet, respectively.2Generally, on ...
Q1. Is accrued expense an asset or liability? Answer:An accrued expense is an expense that has been incurred but not yet paid. In accounting, it is typically treated as a liability. This is because the company has incurred a debt it will eventually have to pay. For example, if a compan...
Accrued interest is usually classed as a current asset or current liability due to its short-term nature; in most cases the payment will be made within one year. We can help GoCardless helps you automate payment collection, cutting down on the amount of admin your team needs to deal with...
True or False? True or False: Accrued expenses have not been paid. Accounts Receivable is not an expense. a. True. b. False. Supply Expense is a current liability. a. True. b. False. Answer true or false: Expenses may come both from using an asset and/or by incurring a liability....
Due to the fact that accrued interest has not yet been paid, it is frequently referred to as "unearned interest".According to whether the business is lending or borrowing, accrued interest is shown on the income statement as a revenue or expense. Additionally, an asset or liability is shown...
In the context of bonds, accrued interest: A. is discounted along with other cash flows to arrive at the dirty, or full price. B. equals interest earned from the previous coupon to the sale date. C. covers the part of the next coupon payment not earned by seller. 相关知识点: 试题来...
Which of the following statements regarding accrued interest is most accurate? A. The accrued interest is paid by the seller of the bond to the buyer (new owner) of the bond. B. If the seller must pay the buyer accrued interest, the bond is said to be trading cum-par. C. If the ...
Accrued-interest-is-added-quarterly网络按季累计利息 网络释义 1. 按季累计利息 www.1stenglish.com|基于8个网页 例句 释义: 全部,按季累计利息 更多例句筛选 1. Accrued interest is added quarterly. 按季累计利息。 dict.hjenglish.com © 2025 Microsoft 隐私声明和 Cookie 法律声明 广告 帮助 反馈...
On abalance sheet, anexpenseorassetthat is recognized before it ispaid. Accruals are recorded as liabilities or assets (depending on the type) and are recognized because of the extremely high likelihood of payment. Accruals are generally periodic payments; examples includesalariesandaccounts receivable...