Under the accrual method of accounting, an expense is considered to have been incurred, such that a deduction may be claimed, only if (i) all the events that ...

Accrued expenses are the opposite of prepaid expenses. Accrued interest is the amount of interest incurred but not yet paid for or received. If the company is a borrower, the interest is a current ...

Definitions of accrued interest tend to be complicated – so much so that I’m dismayed because the concept is simple and should be easy to understand. Accrued interest is interest a borrower owes a ...