Interest accrued - liability

Hi Im Murthy,

I wanted to know the following:

If our company takes a short term Working capital loan on 1st May 2012 for a period of 90 days, The interest accrual as at 31st May should be the full amount of interest liability or only for May month?

Eg: Loan - USD 10,000 ; Interest rate 10% pa ; Tenor - 90 Days

In this case, on 31st May, my Accrued interest liability will be full amount till maturity ( or) only 1 month i.e., May .

Please advise.

Regards

PRK