Are the finance records, ledgers, and journals that compose the company's accounts.

select one:

a. book of accounts

b. cash payments journals

c. cash receipts journal

d. subsidiary ledger

Answers

Subject Economics

The correct answer among the above listed choices is letter b. Recording interest expense has an effect to decrease equity.

Interest Expense

-it is the cost of borrowing money to an entity in a specified period of time. Interest is usually running every day but usually paid monthly, quarterly, semiannually, or annually depending on the agreement.

-this is recorded as a non-operating expense in the income statement.

The interest expense formula is:

Interest expense = (Days during which funds were borrowed ÷ 365 Days) x Interest rate x Principal

Interest Expense will usually

increase expenseeither increase liabilities or decrease assetsdecrease owners' equity

For related topic about Differentiate revenues from expenses

Code: 11.11.3.8.

Dahil nakabatay sa pamahalaan kung ano ang ibebenta sa isang bansa. command kasi inuutusan sila ng pamahalaan.
A. Book of Accounts is the answer


Do you know the answer?

Other questions on the subject: Economics

Economics, 14.11.2019, lhadyclaire
1.At 7:17 pm on September 23, 1972, President Ferdinand Marcos announced that he had placed the entirety of the Philippines under martial law. This marked the beginning of a 14-yea...Read More
1 more answers
Economics, 14.11.2019, 123gra
Because if you don't know their reason, you might end up with a crummy business. or the employees might not be very good. there's a world of possibilities why someone could be sell...Read More
1 more answers
Economics, 27.11.2019, cyrilc310
a. current assetExplanation:In accounting, inventories are the materials (processed to become goods) and products (that aren't sold / yet). It is classified as a current asset as i...Read More
1 more answers
NoExplanation:Equipment is NOT categorized as a liability because it is a resource/s that is owned by businesses, not owes. Equipment is the account name for the equipments used by...Read More
1 more answers