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-   -   Accounting for -0- interest loans (https://www.askmehelpdesk.com/showthread.php?t=388944)

  • Aug 20, 2009, 01:55 PM
    SOAMAPAGER
    Accounting for -0- interest loans
    What is the accounting treatment for -0- interest loans for balance sheet and P&L?
  • Aug 20, 2009, 09:57 PM
    moonfruit

    0 interest, that means no interest expense for P&L.
    Only the loand have to b charged to Balance Sheet as a Liability

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