Accrued Interest Expense adjusts for interest incurred during the period but has not been paid or recorded because payment is not yet due.

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Accrued Interest Expense represents the interest expense that has been incurred (i.e., the cost of borrowing money) during a particular period but has not yet been paid or recorded in the financial statements because the payment is not due until a future date.

Accrued Interest Expense Adjusts for Interest Incurred During the Period