Explain with examples 'interest accrued and due' and 'interest accrued but not due'. How are these items shown in the balance sheet?

Interest accrued and due Interest on debentures which has become payable but remain unpaid on due date of payment is known as interest accrued and due. For example, a company has issued 12% Debentures for ₹10,00,000. Interest is payable on 30th September and 31st March. Suppose, the company closes its books on 31st March, the interest due on that date may be unpaid. Thus ₹60,000 (half year interest) will be recorded as interest accrued and due. The liability will be shown in the Balance Sheet along with debentures. Interest accrued but not due Interest on debentures which has accrued and remains unpaid because the due date for payment of interest has not yet come is known as interest accrued but not due. For example, a company has issued 12% Debentures for ₹10,00,000 and interest is payable on 30th June and 31st December. Suppose, the company closes its books on 31st March, the interest for the period from 1st January to 31st March has accrued but not paid because next due date for payment is 30th June. For proper accounting, interest expense for the full year must be recorded in the books of accounts. Thus, ₹30,000 will be recorded as interest accrued but not due. Debenture Interest Accrued but not Due is shown in the balance sheet under Other Current Liabilities.