What is a loan loss expense? is it an asset or a liability account?

Question

What is a loan loss expense? is it an asset or a liability account?

Answer 1

Given the account title it sounds like the company wrote off a bad debt.

That being the case it is an expense and will appear on the income statement.

Hope this helps

Jerry-the-bookkeeper

Answer 2

if I'm not mistaken an expense is neither an asset nor an expense because it doesn't show on the balance sheet but in the income statement (but what do I know?)