Accrued Interest
Code: 2124Account Information
| Financial Statement | Statement of Financial Position |
| Normal Balance | Credit |
Definition
Interest accrued on loans and financing not yet paid
Common Journal Entries
Dr. Interest Expense
Cr. Accrued Interest
Dr. Accrued Interest
Cr. Bank Account
Dr. Interest Expense
Cr. Accrued Interest
Dr. Accrued Interest
Cr. Interest Expense
Dr. Interest Expense
Cr. Accrued Interest
Dr. Accrued Interest
Cr. Bank Account
Dr. Interest Expense
Cr. Accrued Interest
Dr. Accrued Interest
Cr. Interest Expense
📐 IFRS vs US GAAP Accounting Treatment
❓ Frequently Asked Questions
A: Interest on loans or deposits that has accrued over time but has not yet been paid or received.