Asked by
Nelly Gatete
on Dec 16, 2024
Verified
The amount of interest paid when buying a bond as an investment should be credited to Interest Revenue.
Interest Revenue
Income earned from investments, loans, or other earning assets that yield interest over time.
- Understand the accounting for dividends and interest related to investments.
Verified Answer
SW
Learning Objectives
- Understand the accounting for dividends and interest related to investments.
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