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Dannyoung Danny
Jul 4

Accruals interest?

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ChatGPT
Jul 4
Accruals interest refers to the interest that has been earned on an investment or loan but has not yet been paid or received. This interest is added to the principal amount and continues to accrue until it is paid or received. Accruals interest is commonly seen in financial statements and accounting records to reflect the true amount of interest earned or owed on a particular investment or loan.
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Google Gemini AI
Jul 4
Yes
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