Question:All of the following are true about interest receivable except 

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

+ Answer
A 

+ Explanation
answer not sure

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Md. Habib Ullah

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