interest receivable definition
The current asset that represents the amount of interest revenue that was reported as earned, but has not yet been received.
Related Q&A
- What is the difference between interest expense and interest payable?
- Where does accrued interest on notes receivable get reported on the balance sheet?
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- What is the stated interest rate of a bond payable?
- What is the times interest earned ratio?
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For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.
