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