interest receivable definition
The current asset that represents the amount of interest revenue that was reported as earned, but has not yet been received.
The current asset that represents the amount of interest revenue that was reported as earned, but has not yet been received.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.