What is an Acrual Interest?
In which side of the Balance Sheet, it should be shown????
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Answer / manish sharma
An Acrual interest is , the interest which was earned but
not received to the end of financial year when we have to
closed all account.
It is shown in Asset side of Balance Sheet under Current
Assets.
| Is This Answer Correct ? | 41 Yes | 1 No |
Answer / 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 |
Answer / 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 |
Answer / venkata subbaiah
Acrual interest is adjustment entry that is acrual interest
under Assest side sub under is loans and advancess
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / satish kumar maurya
It is earned in current year as a indirect income but not
receive at the end of financial year i.e. at the time of
accounting book closing. It's a adjustment entry and shown
in balance sheet in asset side as a current asset.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / suresh jagan
An Acrual interest is , the interest which was earned but
not received to the end of financial year when we have to
closed all account.
It is shown in Asset side of Balance Sheet under Current
Assets
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / swapnil
acrual int is the int. which is accrued but not due!!
i.e. for e.g. int. for the 6 months from jan. to june.
now int. will be received after 6 months i.e. it will be
due after june only! now int. from the period jan. to march
is called acrual int.
it is to be shown on assest side under the head current
assest!!!!!!!!!!
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / chalam
An Acrual interest is interest earned in corunt fincaal
year but not received till end of financial year.
It is shown in Asset side of Balance Sheet under Current
Assets.
| Is This Answer Correct ? | 1 Yes | 0 No |
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