Question

Where is interest on prize fund investment balancesheet of npo?

Answer 1

Hello Mate,

Interest expenses may be recorded on the balance sheet as current liabilities before they are expensed. Record it in a liabilities account, if it was accrued prior to being paid. This liabilities account is also interest payable. This represents borrowing costs that the company has incurred but not yet paid.

Hope this helps you

Answer 2

Answer:

Interest of prize fund is is recorded in capital fund in liability side of b/s