What is an Acrual Interest?
In which side of the Balance Sheet, it should be shown????
Answer Posted / vinod.r
Acrual Interest is the Interest which is receivable but it
should be treated as Asset side of the Balance.
| Is This Answer Correct ? | 17 Yes | 3 No |
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Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.
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