Question:What would the entry be for a monthly interest payment on a long term loan? 

A Dr: Interest Expense, Cr: Cash 
B Dr: Cash, Cr: Interest Expense 
C Dr: Long Term Liability, Cr: Interest Expense 
D Dr: Interest Expense, Cr: Long Term Liability 

+ Answer
C 

+ Explanation
Answer not sure

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Md. Habib Ullah

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