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 |
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the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.
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