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Why should Debt Services be classified as a character and object?

Why should Debt Services be classified as a character and object?

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Answer #1

The Debt services should be classified as a Character and Object because of different expressions of function it displays.

It is classified as Character because of the services towards the dept capital raised and alternative word towards Interest. Here, the debt services are notional things and a feeling towards the services to the Investors of the business.

It is classified as Object where it is one of the divisions of management towards the services and functions related to the Capital and Debt financing. Here the classification is towards the viable activity of management, where a group of employee is engaged in serving the Capital and Debt invested in the company.

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