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D
dravarinkav
March 16, 2025
Question

how i add the credit to the llc

  • March 16, 2025
  • 1 reply
  • 0 views
the company has some debs from last year how I reflect

    1 reply

    PatriciaV
    PatriciaV
    March 23, 2025

    Loans and other debts of an LLC are reported on the Balance sheet. Payments of principal reduce the balance of the debt and are not an expense. Interest paid on the debit is reported as Interest Expense under Business Expenses for the LLC.

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