Accountancy, asked by tanishamehta800, 6 months ago

Interest accured but not due on investment will be shown in which current assests

Answers

Answered by sspersiaa
0

Answer:

This process is based on the accrual method, which counts economic activity when it occurs, not when it is received. Accrued interest is listed as an expense on the borrower's income statement. It is listed as revenue and current asset by the lender.

Explanation:

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