When investments in debt securities are purchased between, Ask an Expert

Accounting

When investments in debt securities are purchased between interest payment dates, preferably the:

a) securities account should include accrued interest.

b) accrued interest is debited to Interest Expense.

c) accrued interest is debited to Interest Revenue.

d) accrued interest is debited to Interest Receivable.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M991976

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