Hi All,
Is there any difference between accrued interest and interest payable?
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 07 November 2014
Accrued interest means the interest has become due (may be payble or receivable)
Interest payable is only lin terns of payble........
CA D.C. Bansal
(Accounts Head)
(283 Points)
Replied 07 November 2014
Interest accrued is generally used for interest income receivable whereas interest payable is used for iterest expenses.
CAclubindia
