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Interest

sushma (articled assistant) (136 Points)

26 February 2014

Hi,

Can anyone tell me the difference between interest earned and interest received..

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3 Replies

Suman Kumawat (Article) (612 Points)
Replied 26 February 2014

Earned is accrued matlab accrued but not yet received. Where as received is yu have actually received the interesr on cash basis or in anyother manner.

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CA Bhargav Nathwani (CA in Practice) (8307 Points)
Replied 26 February 2014

No differece !

Suman Kumawat (Article) (612 Points)
Replied 27 February 2014

There is difference sir. How can yu say no difference!! Like when a company declares a dividend at that time it is earned annd when the company actually pays the dividend at that time it is received. So there is a great difference.