In a 1994 course syllabus, writer David Foster Wallace encouraged his students to be sedulous in their proofreading. Continue reading... There are a couple of words that basically mean the same thing as sedulous but are a little more common, namely assiduous, painstaking, and diligent.
Definition of an investment interest expense. When you borrow money to buy property for investment purposes, any interest you pay on that borrowed money becomes an investment interest expense.. For example, say you take out a $5,000 loan against your home equity and use the money to buy stock. The interest on that loan is investment interest.
Interest Payable. Assume that interest is paid on the loan each quarter. The company will accrue interest expense each month in the amount of $133, the annual interest calculated in step 3 divided by 12 months. The entry to accrue monthly interest will be made each month as follows: Debit Interest Expense 133 Credit Interest Payable 133.