What is the difference between interest paid and interest accrual?
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interest paid means when the amount date has been passed but amount can't paid.
INTERST accural means when the date has been passed but amount can't receive by the person
INTERST accural means when the date has been passed but amount can't receive by the person
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heya answer is here......
♧Accrued interest is the interest that has been charged but has not been paid -- perhaps not even billed. If you're the borrower, the amount of interest that you have recognized as anexpense but have not yet paid in cash to the lender is accrued interest payable, which is a liability.
hope it helps u
♧Accrued interest is the interest that has been charged but has not been paid -- perhaps not even billed. If you're the borrower, the amount of interest that you have recognized as anexpense but have not yet paid in cash to the lender is accrued interest payable, which is a liability.
hope it helps u
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