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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 / libina kutty
ACCRUAL INTREST IS THE INTREST WHICH IS EARNED BUT NOT YET
DUE. FOR EXAMPLE INTREST ON INVESTMENT ,WE GET ON LUMP SUMP
BUT IT IS ACCRUED EVRYDAY BT DUE ONLY AT END OF THE
MONTH,QUATERLY, HALF YEARLY OR YEARLY
IT SHOULD BE SHOWN IN THE ASSET SIDE OF BALANCE SHEET.
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