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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
asked 52.8k views
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

asked
User Soenhay
by
7.6k points

1 Answer

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