Meaning of Interest Expense
How we at Bookkeeping Support Define the Meaning of Interest Expense:
The cost of borrowing money, usually incurred through loans or credit facilities, is referred to as interest expense.
How AI Define the Meaning of Interest Expense:
Interest expense refers to the cost of borrowing money, usually in the form of interest paid on loans, bonds, or other forms of debt. It is reported on a company’s income statement as an expense.
