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
what is portfolio Saint?
what is organic profit? and how it is calculated?
what is the meaning of call in arear
what is the difference between speculation & investment?
The Analysis of flow of funds through an organization can be very useful to the managment. Elucidate
What is the procedure to take loan
What will be entry pass in tally if TDS paid by Credit Card.?
Could u show me the sample TDS Document / Template
What are the objectives of accounting
If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?
What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?
Examples of automatic generated content material of car logbook loans?
define drawer or maker
Short Answer on ________Ad-Valorem Duties
Truck # 3 has a list price of 16000. It is acquired in exchange for a computer system that company A caries in its inventory. The computer system cost 12000 and is normally sold by company A for 15200. Pass the journal for the same.