Interest accured but due & interest accured but not due

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Rakesh (Querist)

30 July 2011 Dear All,

Can anyone explain me the difference between interest (receivable) accured but due & interest (receivable) accured but not due. with a good example..

What could be financial impact on P & L and Balance sheet in both this cases

Please help

thanks

CA Navin Jain

CA Navin Jain (Expert)

30 July 2011 Suppose company have made cumulative fixed deposit with bank for 5 years from 1.11.2010, and bank provide the interest on quarterly basis, hence interest from 1.11.10 to 28.2.011 called as interest accrued but due.

and interest from 1.03.11 to 31.3.11 called as interest accrued but not due

Message likes : 4 times

Rakesh

Rakesh (Querist)

30 July 2011 thanks sir.

your valuable reply had really solved my confusion. thanks a ton.

Rakesh

Rakesh (Querist)

30 July 2011 thanks sir.

your valuable reply had really solved my confusion. thanks a ton.

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