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Is interest on loan an expense or a liability....Please help​
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36 votes
36 votes
Is interest on loan an expense or a liability....Please help​

User Psykeron
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1 Answer

16 votes
16 votes

Answer:

expense

explanation :

when we're about loan we are talking about a business or a person who is taking a loan. in this case the person or the firm pay interest on the loan.

User Sebastian Widz
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