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Answer in One Sentence Only. What Do You Mean by Accrued Income? - Book Keeping and Accountancy

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प्रश्न

Answer in one sentence only.
What do you mean by accrued Income?

एका वाक्यात उत्तर

उत्तर

Income of the current year which is yet to be received by a business is known as accrued income. This is the income that a business earns during the current year but is not received in the same year. In short, this income is earned in the current year but is received in the next accounting year. This income is also known as Outstanding Income or Income Receivable or Earned Income.

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Adjustments - Income Receivable
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पाठ 2: Partnership Final Accounts - Exercise 1 [पृष्ठ ६४]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
पाठ 2 Partnership Final Accounts
Exercise 1 | Q 10 | पृष्ठ ६४
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