0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the journal entry to record payment of accrued interest?
[Debit] Interest expense xxxx [Credit] Interest payable xxxx [Debit] Interest payable xxxx [Credit] Cash / bank xxxx
Is it possible to get hired as an accountant with a felony record?
No.
What is the meaning for acting on public interest for accountant?
The meaning for acting on public interest for an accountant refers to the dedication to serving the public welfare. This is through objective analysis of the public policy.
How do you treat interest on advance payment of tax in financial statements?
there is no interest on advance payment of tax
How does one collect their accrued interest?
Accrued interest is obtained when the payment is received to the borrower. When the payment is received, interest is then realized and deposited into your account.
What is the journal entry to record payment of accrued interest?
[Debit] Interest expense xxxx [Credit] Interest payable xxxx [Debit] Interest payable xxxx [Credit] Cash / bank xxxx
How and who prepares balance of payment?
The accountant prepares such things
Is it possible to get hired as an accountant with a felony record?
No.
What is the meaning for acting on public interest for accountant?
The meaning for acting on public interest for an accountant refers to the dedication to serving the public welfare. This is through objective analysis of the public policy.
How do you treat interest on advance payment of tax in financial statements?
there is no interest on advance payment of tax
What interests does a person need to have to become an accountant?
To become an accountant, a person needs to have a strong interest and skill in arithmetic and spreadsheets.
How would a balloon payment effect interest on a loan?
how would a balloon payment effect interest on a loan
Deferred payment and interest?
Is deferred interest deductable
How does one collect their accrued interest?
Accrued interest is obtained when the payment is received to the borrower. When the payment is received, interest is then realized and deposited into your account.
How much interest only payment can one pay for a home equity line of credit?
The amount of the interest payment depends on two things which are, the loan amount and the interest rate. Normally, if your payment is set up to pay interest only then the amount of the payment would be the total amount of interest earned in one month.
What can affect your monthly car payment?
Interest and down payment.
What is the advantage of having you name on deed but not resposible for mortgage?
if you acquired your interest be deed after the mortgage was granted:You are not responsible for the payment of the mortgage and default will not affect your credit record. However, if the mortgagor defaults on the mortgage the bank can take possession of the property by foreclosure and you will lose your interest as well.If you acquired your interest before the mortgage was granted but didn't sign the mortgage:You are not responsible for the payment of the mortgage and default will not affect your credit record. In the case of a default the bank can only foreclose on the half interest of the co-owner who signed the mortgage.
