Select the one term that best fits each definition
-Interest incurred but not yet paid.
A) accrual
B) accrued interest expense
C) accrued expenses
D) deferral
E) deferred expenses
F) deferred revenue
G) reversing entry

Question

Quizplus · Accepted Answer

Accrued interest expense specifically refers to interest that has been incurred but has not yet been paid, fitting the definition perfectly.

Select the One Term That Best Fits Each Definition