22.03.2023 - 22:55

Is the principal payment of a loan included in the income statement?

Question:

Is the principal payment of a loan included in the income statement?

Answers (1)
  • Billye
    April 6, 2023 в 13:19
    No, the principal payment of a loan is not included in the income statement. The income statement shows a company's revenue and expenses during a specific period of time, while the principal payment is considered a balance sheet item that reflects the reduction of the outstanding loan balance. The payment does not represent income earned or an expense incurred by the company, but rather a reduction in the liability owed.
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