People with eating disorders take such concerns to extremes, developing abnormal eating habits that threaten their well-being and even their lives. This question-and-answer fact sheet explains how psychotherapy can help people recover from these dangerous disorders.
The interest on balance in your PPF account is compounded annually and is credited at the end of the year. But the point to remember is that the interest calculation is done every month: the interest is calculated on lowest balances in account between 5th and the last day of the month.
Interest Payable. Assume that interest is paid on the loan each quarter. The company will accrue interest expense each month in the amount of $133, the annual interest calculated in step 3 divided by 12 months. The entry to accrue monthly interest will be made each month as follows: Debit Interest Expense 133 Credit Interest Payable 133.