Tuesday, January 26, 2016

What is accrued interest

January 26, 2016    No comments



Accrued interest: - Accrued interest is the unpaid interest which is accumulated on a loan or security. For example XYZ company has a loan of BDT 1,00,000 @ 10% payable in monthly equal installment. The interest of January month will be the accrued interest for February if it is not paid in January.

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