[Romario]

Thank you for this explanation Kim! I understand now

I thought interest accrued on both payables and receivables with the understanding that accruals are accounting adjustments for revenues and expenses that have been incurred but not yet recorded in the accounts.

[Romario]

I never knew until now how resourceful ACCA’s Study Hub was. Thank you for enlightening me on this. Much appreciated.

[Author]

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