Current portion of long term debt
Why is my current potion of my long term debt not showing up on my Profit and Loss statement? I is on my balance sheet.
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09/30/11 3:36pm PDT
Viewed by asker 10/04/11 9:40am PDT
Viewed by asker 10/04/11 9:40am PDT
2 Replies
hyaeth
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09/30/11 5:45pm PDT
Best Answer - Chosen by the Community
All debts / loans / payables are balance sheet items so they will never show up in your PNL report. Only income and expense accounts are included in the PNL.
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10/01/11 8:50am PDT
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Thank you for your help, I thought that was right, but Bank insisted payments on my assets should be showing on PNL.
