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What is accrued interest?

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What is accrued interest?

Posted by Pallavi Singh Parmar 5 years ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 5 years ago

Accrued interest is the amount of loan interest that has already occurred, but has not yet been paid by the borrower and not yet received by the lender.

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