Question

accrued interest is Debit or credit​

Answer 1

Answer:

Accrued interest is debit

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Answer 2

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1. The amount of accrued interest for the recipient of the payment is a debit to the interest receivable (asset) account and a credit to the interest revenue account.
2. The debit is rolled into the income statement and the credit into the balance sheet (as a short-term liability).

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