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Loan payments are typically not shown on the income statement. Instead, they are recorded on the balance sheet as a reduction of the loan liability.

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5mo ago

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Where did loan interest payable go in the income statement?

Loan interest payable is not shown in income statement rather it is shown in liability side of balance sheet in current liability section.


Does loan go under income statement as an expense?

No, it is a liability and goes on the right side of a balance sheet.


Does fees earned go on an income statement?

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Does work in progress go on an income statement?

work in progress will not go on in income statement


Does bank expense goes at income statement?

No, bank expenses do not typically go on the income statement. Bank expenses are usually recorded on the bank's own financial statements as part of their operating expenses. The income statement of a bank would typically include items such as interest income, loan loss provisions, and non-interest income.


What financial statement does transportation in go on?

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Where does sales discount go on an income statement?

does discount allowed and discount received go into the income statement or balance sheet?


Does equipemnt go on the income statement?

No, the income statement is for revenue and expenses only. Equipment will go on your balance sheet with your assets.


Does investment revenue go on balance sheet or income statement?

consulting revenue will go to income statement in case if the firms main business is consultancy then sales otherwise will go under other income.


What are the options if a co signer of a student is retired and cannot afford the payments?

Once you co-sign you are responsible for the loan until the loan is paid off. Retirement does not change your obligations under the loan. If the primary fails to make payments the lender will go after you.Once you co-sign you are responsible for the loan until the loan is paid off. Retirement does not change your obligations under the loan. If the primary fails to make payments the lender will go after you.Once you co-sign you are responsible for the loan until the loan is paid off. Retirement does not change your obligations under the loan. If the primary fails to make payments the lender will go after you.Once you co-sign you are responsible for the loan until the loan is paid off. Retirement does not change your obligations under the loan. If the primary fails to make payments the lender will go after you.


Does dues and subscriptions go on a balance sheet or income statement?

Income Statement under operating expenses.


Does interest revenue go on income statement?

Yes all revenues are part of income statement and interest revenue also that’s why it is shown in income statement as other income.