Companies that use debt financing must disclose the financial terms of each promissory note on their balance sheets and income statements in accordance with Generally Accepted Accounting Principles ...

When it comes to building out a balance sheet, an organization’s accounts payable come into play. As you work through a balance sheet, you’ll need to determine whether accounts payable are an asset or ...

If your business extends credit to its customers, charging and collecting interest is well within your right. Most businesses with account receivables don't charge interest unless payment is really ...