ACCRUED INTEREST Definition

Bookmark and Share

ACCRUED INTEREST is interest earned but not paid since the last due date.

Learn new Accounting Terms

ERROR OF OMISSION is an error which occurs as a result of an action not taken. In accounting, the error occurs when both the entries required for a transaction are completely omitted from the books.

FIELD TRIAL is a test of the performance of a new product under the conditions under which it is intended be used.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.