Answer-Interest payable on the bonds is a/an _________

An accrued expense is one that is known to be due in the future with certainty. Interest payable on the bonds is a known figure. It can be estimated well ahead of time, and money can be set aside for it.

Question

Interest payable on the bonds is a/an

_________

A Provision

B Accrued expense

C Accrued income

D Prepaid expense

E advance income

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Interest payable on the bonds is a/an

Solution

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