Oct 11, 2017
12:18:39pm
12:18:39pm
Accounting question on a loan. A small business gives a $100K loan to a customer
at 0% interest. The customer pays it back within a few weeks. How does this show up on a company's financial statements? Will it show up on the income statement as revenue & expenses?--I don't think so but that is how this small company has shown it on their taxes. Or can it simply be shown changing on the balance sheet?
Perhaps I need to go to a CPA for this question.
Perhaps I need to go to a CPA for this question.
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