In Banking Terminology Interest In Suspense is recognized as the amount of interest which is pended from the date when any particular account is considered as Non Performing Assets. (Not recovered) Joyjit Manna
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suspense
no it is not
False. Interest upon interest is compounded interest
Simple interest is interest that is calculated only on the amount of unpaid principal on a loan. Such interest is not added to the value of the loan but is tracked separately. Compound interest is interest that is calculated on the total of unpaid principal and accumulated interest on a loan. The difference is in simple interest there is no interest charged on accumulated interest while in compound interest there is interest charged on accumulated interest.