Accrued interest represents the amount of interest that has accumulated on a loan, bond, or financial instrument but has not yet been paid or received by the lender or investor. It represents a ...

Accrued interest receivable refers to the interest that has been earned on an investment or loan but has not yet been received in cash. It arises in situations where interest payments are due at ...

Accrual accounting is the GAAP-preferred practice of recording all revenues and expenses when they occur, even if payment has not yet been sent or received. In business, all financial transactions ...

The term "accrual" refers to any individual entry recording revenue or expense in the absence of a cash transaction Most businesses typically use one of two basic accounting methods in their ...