oboloo Glossary

Increase To Interest Revenue Debit Or Credit

oboloo Glossary

Increase To Interest Revenue Debit Or Credit

Increase to Interest Revenue is an accounting term used to represent a rise in the value of income earned via interest. It can be either a debit or credit, and it impacts the total balance sheet of a business. When the Increase to Interest Revenue is a debit, it increases the asset account on the statement, while a credit reduces the liability column. In either case, this increase should be carefully monitored by businesses, as it has direct implications to their bottom line.