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متابعة

What is the difference between interest expense and interest payable?

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تم إضافة السؤال من قبل Yazan Ahmad , programmer , wysada
تاريخ النشر: 2017/01/05
Adeeb Haidar
من قبل Adeeb Haidar , archives clerk , Bissan Transport L.L.C

The amount * interest rate %

Kamille Macatantan
من قبل Kamille Macatantan , Customer Service Representative , WNS Global Services

Principal amount multiplied to interest rate and then multiply to time period 

Muneer Ahmed
من قبل Muneer Ahmed , Educational Administration Teacher , The Competitor And Computer Academy (Coaching Center) Sanghar

as follow we can calculate,

firstly we take all data from question principal amount intrest rate and time period. after solve the rate due to it is in percentage and we simply it. so after we use fomula for intrest amount or intrest payable which is

principal amount multiplied with simplified interest rate and than its answer multiplied with the time period per year.

manseer muhammed ali
من قبل manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

Interest expense is an income statement account which is used to report the amount of interest incurred on debt during a period of time. Interest payable is a current liability account that is used to report the amount of interest that has been incurred but has not yet been paid as of the date of the balance sheet.

Mahmoud Ibrahim
من قبل Mahmoud Ibrahim , مندوب مبيعات , Speed ahmed hassan

Interest expense = original amount * time * interest rateWhile the interest due is the final benefit accrued and be late payment Miedhaotoda in the debtor's side of the budget

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