Debt service is:

Name: Debt service is:
Brand: Quizplus
Rating: 4.7 (59 reviews)

Question

Debt service is:

Quizplus · Accepted Answer

Debt service refers to the cash required to cover the repayment of interest and principal on a debt for a particular period. It is a major concern for most organizations because it impacts their cash flow and financial health. It is not the same as Profit and Loss (P&L), which is a financial statement summarizing the revenues, costs, and expenses incurred during a specific period of time.

Debt Service Is