Accrued Interest

Accrued interest is interest that has been earned or incurred but not yet paid. It accumulates between payment dates on loans, deposits, or bonds.

In accounting, accrued interest is recorded as a receivable or payable on the balance sheet. It ensures financial statements reflect interest costs and income in the correct period.

Related Terms

Interest

Interest is the cost of borrowing money or the return earned on deposited funds, typically expressed...

Accrual Basis

Accrual basis accounting recognizes revenue when it is earned and expenses when they are incurred, r...

Principal

Principal is the original amount of money borrowed in a loan or the original amount invested. It doe...

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities, and sharehold...

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