Question

interest on investment due is which side of balance sheet? ​

Answer 1

Answer:

The accrued interest for the party who owes the payment is a credit to the accrued liabilities account and a debit to the interest expense account. The liability is rolled onto the balance sheet as a short-term liability, while the interest expense is presented on the income statement.

Explanation:

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Answer 2

Answer:

Explanation:

Interest on investment due

1. Shown on the Credit side of Profit & Loss Account
2. Asset side of Balance sheet as Accrued Interest

[added with investment]