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What is accrued interest?

accrued bonds Earnings Finance tax taxes
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What is accrued interest?

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The above is Accrued Interest Income. Similarly, you can have Accrued Interest Expense. So, using the above example, if you were the borrower, at the end of the first month you would debit Interest Expense for $100 and credit a liability account called Accrued Interest.

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Interest that accumulates on the unpaid balance of your outstanding loan principal.

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