How to present in balance sheet


This query is : Resolved 

Quick Summary
Interest due or outstanding interest accrued should be presented in current liabilities on the balance sheet. Depending on its nature, it will also be reflected as income or expense in the P&L account.

(Querist)
11 June 2022 where to present in the balance sheet
interest due or outstanding
interest Accrued

12 June 2022 show it in P&L account as income or expense as per nature of transaction

12 June 2022 Show it in current liabilities.


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