A

Admin • 833.24K Points
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Q. Accrued interest is:

  • (A) An income
  • (B) An expense
  • (C) A liability
  • (D) An asset
  • Correct Answer - Option(D)
  • Views: 24
  • Filed under category Accounting
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Explanation by: Admin

Accrued interest is an income earned but not yet received, hence an asset.

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