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shova bhandari
Mar 23, 2009, 08:18 AM
hello,
I am in confused about the registration of accured interest payable.I mean where accured interest payable should be recorded?
ROLCAM
Mar 24, 2009, 03:58 AM
It should be recrded in the GENERAL JOURNAL.

DEBIT INTEREST PAID account XXXX
CREDIT AMOUNTS PAYABLE account XXXX

Being the amount of interest that has to be accrued to balance date.