Meaning in the terms of accounts
This query is : Resolved
02 November 2024
what is meaning of
Interest accrued and Due
Interest accrued but not due
and what is accounting group for above mention the both term.
Interest accrued and Due
Interest accrued but not due
and what is accounting group for above mention the both term.
CA R SEETHARAMAN
(Expert)
02 November 2024
Interest accrued and due means time given to pay interest is due for payment. Interest accrued but not due means interest not due for payment but it's liability for payment is there.
Interest accrued but not due is current liability. Interest accrued and due is also current liability.
Interest accrued but not due is current liability. Interest accrued and due is also current liability.
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