How do you calculate accrued interest receivable?

How do you calculate accrued interest receivable? In order to calculate interest receivable and interest revenue for notes receivable, you can multiply the interest rate by the amount of notes receivable and then divide by 12 to capture the monthly rate. What is accrued interest receivable? The accrued interest receivable refers to interest income a … Continue reading How do you calculate accrued interest receivable?