Question:Which of the following is not true about interest on Receivables? 

A Interest receivable is calculated by using the formula Interest= Principal x Interest Rate x Time. 
B Interest receivable does not have to be recognized if interest is to be collected in the next year 
C We need to recognize interest receivable to satisfy the matching principle. 
D Interest receivable is interest earned but not collected. 

+ Answer
C 

+ Explanation
answer not sure

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Md. Habib Ullah

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