ACCOUNT NUMBER 1320, ACCRUED INTEREST RECEIVABLE - 10413
(Revised: 05/1987)
Normal Balance: Debit
Purpose: This account shows the amount of unpaid interest accrued to the date of purchase and included in the purchase price of securities purchased between interest dates. The applicable portion of the first interest received on such securities is credited to this account rather than to revenue.
Subsidiaries: Investment Ledger
Normal Entries:
|
Entry Number |
Debits |
Entry Number |
Credits |
|
13. |
Investment securities are purchased. |
35. |
Interest is received on investment securities. |
|
|
|
A-5 |
Interest is accrued on investments. |
Revisions
No Revisions for this item.
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