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prepaid interest is that amount of interest which is not due but paid in advance as it is not due yet it is current asset of business and it will be shown in current assets section of balance sheet.
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∙ 9y ago
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Is prepaid interest on a balance sheet?
Yes. It is an asset and assets are on the balance sheet.
Is prepaid interest included in a balance sheet?
No
List Prepaid expenses on balance sheet?
Prepaid Rent, Prepaid Insurance, and Prepaid Interest... maybe? Check it out on Investopedia.com
Prepaid insurance is reported on the balance sheet as a?
Prepaid insurance is reported on the balance sheet as a
Is a prepaid expense on the balance sheet or the income statements?
A prepaid expense is an asset listed on the balance sheet.
Where does prepaid expense go on balance sheet?
Prepaid expenses are shown in current assets under assets portion of balance sheet.
Where does prepaid expenses go on the balance sheet?
Assets
Where would prepaid accounts goes in a accounting sheet?
in assets side of the balance sheet
Prepaid advertising would be reported on the balance sheet as a?
An asset
Is debenture interest paid shown in balance sheet?
if Debenture interest is paid already then it will only show in income statement while if debenture interest is payable in future then it will only comes balance sheet, while if part of interest paid and part of interest payable then portion of paid amount will be shown in income statement while remaining amount will be shown in balance sheet as liability
Where does interest go on balance sheet?
Interest is part of income statement and shown in income statement and not part of balance sheet.
Are prepaid expenses a liability?
No. They are listed as a debit on the asset side of the Balance Sheet.
