Question: What is an amortization schedule?

Question: What is an amortization schedule? Waht is the use of amortizatio schedule?

Expert Solution

Step 1: Definition of long-term liabilities

A liability that does not need to be paid within one year or within the entity’s operating cycle, whichever is longer.

Step 2: Meaning of amortization schedule

The amortization schedule is a schedule that provides details about the payment of the installment. It shows the portion of interest and principal in the installment.

Amortization is a process by which the amount of the liability is decreased with the help of regular payments.

Sahil Dangi answered 2 years ago

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Question: What is an amortization schedule?

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