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The amount of interest accrued is added to the note payable account and reported in the liabilities section of the balance sheet. a. true b. false

The amount of interest accrued is added to the note payable account and reported in the liabilities section of the balance sheet. a. true b. false
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5 votes
The amount of interest accrued is added to the note payable account and reported in the liabilities section of the balance sheet.

a. true

b. false

User Soenhay
by
7.6k points

1 Answer

6 votes
The answer is false
User Suroh
by
8.5k points
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