Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / h.r. sreepada bhagi
Interest payable on borrowed money (Loan) as on a particular
date but is not due is accrued interest.
For example, Interest is payable on quarterly basis on a
loan of Rs.10 Lacs principal as on 30.09.20x0 @15% p.a. Next
due date for interest is, say 31.12.20x0. Interest accrued
on 30.11.x0 will be Rs. 25000/- (i.e. Interest from st
October to 30th November 20x0)
| Is This Answer Correct ? | 9 Yes | 4 No |
Post New Answer View All Answers
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
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?
There is no item category assigned to account
What accounts are to be debited and credited in this case o
Tell me the meaning of long-term notes payable is or long term liabilities?
How to make deductions of the employees from salary against the loan in AP module oracle R12
Role-specific management accountant job interview questions:
what is the responsiblities for accounts manager?
Explain different branches of accounting?
Tell us what inspired you to move to the next opportunity?
What is tds and how it is calculated?
what is the diffrence between cash flow & cash fund?
Plz Ask from me New Accounting Questions.
What is debit and credit note?
What is accounting for plant assets?
