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-   -   Accured interest payable (https://www.askmehelpdesk.com/showthread.php?t=332743)

  • Mar 23, 2009, 08:18 AM
    shova bhandari
    Accured interest payable
    Hello,
    I am in confused about the registration of accured interest payable.I mean where accured interest payable should be recorded?
  • Mar 24, 2009, 03:58 AM
    ROLCAM
    Journal entry

    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.

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