Accrued Interest

What is accrued interest?

Accrued Interest Definition: Accrued interest is the amount of interest on a loan to be repaid with the principal. It refers to an expense, which accrues on a loan, or interest revenue, which is a form of profit for the lender. Before interest is paid, it’s payable.

Accrued interest is recorded in accounting and reverses once paid, which is recorded as an expense.

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