What is an Acrual Interest?
In which side of the Balance Sheet, it should be shown????
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Answer Posted / 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
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