What is an Acrual Interest?
In which side of the Balance Sheet, it should be shown????
- 13 Answers
- 20067 Views
- ABC, ICAI, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / harish
It indicates interest receivable.
It is shown in the assets side of the balance sheet.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / hemant dubey
Arual interest is one types of interest which is receivable
but till the last date of financial year we have not
received so like a prepaid exp. we show in balance sheet at
the side of Assets
just for example if we have any outstanding exp. during the
end of year and if we have not paid to that then we show to
that in libalites for next year
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / libina kutty
ACCRUAL INTREST IS THE INTREST WHICH IS EARNED BUT NOT YET
DUE. FOR EXAMPLE INTREST ON INVESTMENT ,WE GET ON LUMP SUMP
BUT IT IS ACCRUED EVRYDAY BT DUE ONLY AT END OF THE
MONTH,QUATERLY, HALF YEARLY OR YEARLY
IT SHOULD BE SHOWN IN THE ASSET SIDE OF BALANCE SHEET.
| Is This Answer Correct ? | 0 Yes | 0 No |
What form of classification of expenses is expected for a charity whose gross income does not exceed ?250,000 preparing accruals accounts?
What Is Fundamental Analysis?
does MIS reports are used in Tally n Focus software? if yes how it is used in focus software? for AR n AP
Expand A T M
WHAT IS MEAN BY SHARE & DEBENTURE? WHAT IS THE DIFFERENCE BETWEEN THEM?
22 Answers ABC, BL Group, Sharekhan,
​differed revenue expenditure
balance sheet means what?i hav to make 1 software in tat i hav to convert accounts data to tally balance sheet format?
type of reconciliation?
.,can someone tell me how to compute the subscribed capital share?
what are the procedures of paying service tax and vat?
sir, for exa.one salary for month rs.28000/- goss but he has no pf and esi and pt deduct but he will pay only rent rs.8200/- per month and insurance 16500/- so now i deduct from his salary tds
What is PE ratio formula ?
Audit 
