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Is Interest expense debit or credit?

Anonymous

∙ 8y ago

Updated: 10/7/2021

all expenses are debited

Izaiah Smith ∙

Lvl 10

∙ 4y ago

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Related Questions

What is interest expense on a general ledger Debit or Credit?

DEBIT

What is the journal entry for accrued interest expense on Notes Payable?

debit interest expense, credit interest payable for the accrued amount

What is the journal entry of accrued interest?

[debit] Interest expense [credit]interest payable

Is interest expense a debit or credit?

all expenses are debited

What is the journal entry to record accrued interest expense?

Debit Accrued Interest Expense Credit Accrued Interest Payable

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

What is the journal entry if an owner makes payments on a company loan and he will not be reimbursed by the company?

debit loan accountcredit owners equityDebit Loan Payable Debit Interest Expense Credit Paid in Capital

What are the accounting journal entries for payment in kind interest on a bond?

Debit Interest Expense and Credit Bond Payable.

Is expense debit or credit?

If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.

Is rent expense a debit or credit?

debit

Is an insurance expense a debit or credit?

Debit

Is a miscellaneous expense a debit or a credit?

debit

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