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How do you record payment of debenture interest?
To record the payment of debenture interest, you need to make a journal entry that debits the interest expense account and credits the cash account. This reflects the outflow of cash for the interest payment. Additionally, if the interest is accrued but not yet paid, you may also need to adjust the accrued interest payable account accordingly. Always ensure that the amount recorded matches the terms specified in the debenture agreement.
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 do you record payment of debenture interest?
To record the payment of debenture interest, you need to make a journal entry that debits the interest expense account and credits the cash account. This reflects the outflow of cash for the interest payment. Additionally, if the interest is accrued but not yet paid, you may also need to adjust the accrued interest payable account accordingly. Always ensure that the amount recorded matches the terms specified in the debenture agreement.
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.
