what is accrual income ?
Answers were Sorted based on User's Feedback
Answer / anuj kumar
Accrual income is that income which is earned but not
received till date.
| Is This Answer Correct ? | 49 Yes | 3 No |
Answer / deepak sharma
Accrual Income that is earned in a fund or by company by
providing a service or selling a product, but has yet to be
received.
| Is This Answer Correct ? | 23 Yes | 2 No |
Answer / laxman
Accrual income that means the income has earned but not
received in during the accounting period is called Accrual
income.
| Is This Answer Correct ? | 20 Yes | 1 No |
Answer / suresh kumar
accrual income means income which earned by bussiness man
in accounting year. but which yet no been due and therefore
his not been recevied.
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / hashim bim ali
an amount which is earned during the financial year but not
received is known as accrual income.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / md.rasheed
it is the income gained but not received,
Ex: interest gained but not received
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / saluja.neetu
Accrual income is an income which is gained but not
recieved till the date of receiving income.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sanjay
accrual income is the income which is to be receivable in
future date
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / yemiqueen
Accrual of income is an amount due in an accounting period
which has not been received at the end of that period.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / bindu
Income that is earned in a fund or by company for providing
services or selling products, but has yet to be received
| Is This Answer Correct ? | 2 Yes | 1 No |
i was asked to journalise nominal accounts please give me the answer with examples so dat its easy for me 2 understand
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
Stock Turnover Ratio?
Instalation chrges on machinery debited to repairs and maintenance a/c.is it correct,if not correct write the rectification entry
What is Summarising
When oustanding expense is give in the TB and corresponding expense is not then how will we the same? Eg.: Outstaning salary 100 given in the TB and salary for the month is not there to add oustanding with the same. In this situation how will we treat the same. Only in profit & loss account or in balance sheet or both or?
How do I raise a debit note
What is MEan By Sundry?
shares & debentures ?
What is meant by provision
while i creating a main asset master there is a error called process being terminated? pls send the solution
Which entry we pass self entry like cash withdraw for ourself