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interest receivable

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

The current asset that represents the amount of interest revenue that was reported as earned, but has not yet been received.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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