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