The interest that has been earned on a loan or investment but has not yet been paid. Accrued interest is recorded as an asset on the balance sheet of the borrower and as a liability on the balance sheet of the lender.
The interest that has been earned on a loan or investment but has not yet been paid. Accrued interest is recorded as an asset on the balance sheet of the borrower and as a liability on the balance sheet of the lender.