Results for: Accrue

What is accrued interest?

Accreud interst is interst payable that has not been paid yet:. Double entry:. Debit : Say Laon Interest Account. Credit: Interest Payable Account. Accrued Interest: This (MORE)

What is the difference between 'due and accrued' and 'accrued and due'?

I would like to explain it with example, it might be helpful for you to understand difference between due and accrue. At the year end or beginning, generally this problem cam (MORE)

What is the journal entry for accrued income?

Accrued income is income earned but not yet received. The journal is as follow For example:. at fisical year end 31/dec/2007 our company from project X has accomplished 70% o (MORE)

What is accrued liabilities?

Under accrual method of accounting, goods or services are received today and payment is made in the future. The transaction is recorded in the books when the goods and service (MORE)

What is accrued payroll?

Accrued payroll is a payroll which are due but not yet paid for example in a company mostly salaries for previous month are paid on first of every month so on last day of the (MORE)

Accrued rent expense is a liability?

Accrued rent expense is classified as an Expense. It's not classified as a liability. Expenses are paid out of "Revenue" and they affect "Retained Earnings". When you do a Tri (MORE)

Accrued interest on fixed deposit?

Interest earned between the most recent interest payment and thepresent date but not yet paid to the lender. Yes, money is all themore necessary at such stage of life. We all (MORE)