93 – Other Interest

Overhead Expenses

 

Synopsis

Account 93

Debits

Credits

  1. Interest expense on long and short term loans.  This should not include floor plan or mortgage interest.

 

 

Remarks:

Record interest paid on long and/or short term loans from owners, officers, banks, or others that are not related to floor plan or mortgages. 

Record floor plan interest expense in Account 15 – Interest Floor plan, and mortgage interest expense in Account 86 – Interest – Real Estate Mortgage.