Back to Drills
Workpaper Tie-Outs
Loan Principal vs Interest
Separate principal balance sheet amounts from interest expense.
Steps
Do these steps
1
Loan statement
2
Interest expense
3
Ending principal
4
Diagnostic review
Drill details
Schedule LIntermediate 12 min
Skills
What you will practice
Schedule L tie-outJournal entry logicDiagnostics
Related Return
Practice return
This drill works on a general skill. Pick a related return when you are ready to use it.