Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / danny deb
1. A term used to describe an accrual accounting method when
interest that is either payable or receivable has been
recognized, but not yet paid or received. Accrued interest
occurs as a result of the difference in timing of cash flows
and the measurement of these cash flows.
2. The interest that has accumulated on a bond since the
last interest payment up to, but not including, the
settlement date.
1. For example, accrued interest receivable occurs when
interest on an outstanding receivable has been earned by the
company, but has not yet been received. A loan to a customer
for goods sold would result in interest being charged on the
loan. If the loan is extended on October 1 and the lending
company's year ends on December 31, there will be two months
of accrued interest receivable recorded as interest revenue
in the company's financial statements for the year.
2. Accrued interest is added to the contract price of a bond
transaction. Accrued interest is that which has been earned
since the last coupon payment. Because the bond hasn't
expired or the next payment is not yet due, the owner of the
bond hasn't officially received the money. If he or she
sells the bond, accrued interest is added to the sale price.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY
what is the manual procedure for accounting
What is the definition of manual accounting?
A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.
what is the Journal entry for credit card bill paid from same bank account
if my salary is 12000 per month how much i will get after deducting PF an ESI
Key difference between indian accounting standards and international accounting standards is.
how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.
what is the rate of vat,cst,in mumbai
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
Pls let me know Job profile for Account Manager.
What is Statory Books ?
Spinoff,Spelloff
Explain what is accrual accounting?
What steps would you take to locate the errors in case trial balance disagrees?
