What is the accrued interest & how the entry will be passed
for the same
Answer Posted / moyahabo
it is the interest which is owed by te business so it is
still outstanding at the end of financial year. Taking from
the word 'accrue' it means it is accumulated interest.
Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
why we multiply no. of purchasing year with average profit
Explain what is account receivable?
What are the 4 principles of gaap?
The main financial accounting statements?
What qualifications have you achieved?
What is departmental accounting? Give an example
What is difference vat
what are the charecteristics of cost accounting financial accounting managment accounting payroll accounting environmental accounting h r accounting forensic accounting inflation accounting?
How use Budget in SAP, i want to see the report of variant between budget and actuals.
Sir, I want to know about Entry Tax. I purchased the Packing Box from other state.the entry tax on the packing items is 5 %.but now sale tax deptt. close the entry tax on barrier. the tax will be deposited with return. sir we want to know can i deposit this entry taxon on CST challan or not. if not then how can i deposit, or which cloumn in return shown this amount. please send the return format my mail ID is happynlg@gmail.com
what is the Journal entry for credit card bill paid from same bank account
what are the limitations of accounting conventions
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
hai! i am a BE(computer science) graduate with 54% of aggregate looking for bank clerk job? in interview they are asking why are you looking for a bank job and what guareente that once you are selected ? plz guide me?
Explain an example of a tough decision you had to make quickly?