10413 ACCOUNT NO. 1320 - ACCRUED INTEREST RECEIVABLE
(Revised 5/87)
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 No. |
Debits |
Entry No. |
Credits |
| 13. Investment securities are purchased. |
35. Interest is received on investment securities.
A-5. Interest is accrued on investments. |
