Increase To Interest Revenue Debit Or Credit

Increase To Interest Revenue Debit Or Credit

Increase To Interest Revenue Debit Or Credit

oboloo’s Glossary

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.