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What is meaning of accrued interest

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(Querist)
07 January 2025 Bank Account Dr.1,09,094
To Accrued interest 8642
To Interest Income 452
To FDR 1,00,000
Here what is meaning of Accrued interest
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
07 January 2025 In the referred case the accrued interest was compounded to FD principal in earlier year and not paid. On its maturity, current year interest is paid is 452/-while total amount paid along with principal & accrued interest + current year interest is 109094/-
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Daya

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Daya (Querist)
07 January 2025 Sir ,
i just want to Know Accrued interest Rs.8642 ,
whether 8642 previous year income or other thing
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
07 January 2025 previous income ....
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