Treatment of Interest accrued

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Daya (Querist)
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11 January 2023 whether interest accrued but not due will be shown as current assets and will be recognized as income in the year it is due

Dhirajlal Rambhia (Expert)
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11 January 2023 Interest accrued is the income of the year in which it is accrued, and is added to the deposit/asset to which it had been accrued.

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