1
Question
What is an interest suspense account and how is it calculated?
What is an interest suspense account and how is it calculated?
Open in App
Solution
An interest suspense account is where the interest is determined and considered into the assets that are obtained and paid to the purchasers over a period. They are reflected in the balance sheet as current assets and are to be discounted every month for what it’s worth due.
Also read: Importance of Suspense Account
An interest suspense account is where the interest is determined and considered into the assets that are obtained and paid to the purchasers over a period. They are reflected in the balance sheet as current assets and are to be discounted every month for what it’s worth due.
Also read: Importance of Suspense Account
Suggest Corrections
22
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
