What is an Acrual Interest?
In which side of the Balance Sheet, it should be shown????
Answer Posted / sheraz hassan
Acrual Interest, is such an income which have been earned
by the company but not yet received till end of the year.
So that while posting accounting entery we will DEBIT the
Interest Receivable as Asset while, will Credit Interest
Income in Profit & Loss Account.
Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
Dear all We have purchases the dialer & loger with all equipement for setup new call center from simens ltd. i taken to in our books as plant & machinary under fixed assets .So we want the rate of deprecation. Please answered me .
Short answer on _______Amendment
what is mean by provision ? give me examples ..
Expand----------CMST
whts is the meaning of over cost and under cost, what is difference ?
1. Cold Ice, Inc. sells ice cream sells for $2 each. The variable costs per ice cream are $1 and the fixed overheard costs are $ 0.35. A summer camp wants to place a one-time order for 100 cone of ice cream at a price of $ 1.25 each. What is the minimum price hot dogs should be charge for this special order?
EXPAND___________NBFCS
what is the difference between cash flow and funds flow
Weather Entry tax on consumable goods purchased against CST
explain the difference between LIFO and FIFO?
What is the difference between Risk, Threat & Hazard?
Rs. 23.50 ( Rupes twenty three & paise fifty only) what is euro Conversion?
Short answer on____________Assessment Year
You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
why did rbi hiked repo and reverse ratio and how it will effect the market