Answer / Shrinimesh

Accrued interest refers to the interest that has been earned but not yet paid or received. It is typically recorded as a liability for the entity owing the interest and an asset for the entity receiving it.

i have one doubt. i purchases of fixed assets from other state the value 5 lack. the transpotation cost of 50 thousand now the value of fixed asstes is 550000 or only 5 lack, it is right or worng .. pls cleare my question

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