Answer / yugendar

The income which is earned by the business but not yet
received.
All receivables are called accrual incomes

Answer / jagadeesh

Income earned but not received. (The goods or services
provided but the benefit yet to be received)

Answer / a.madhu sudhan rao

Accured income means outstanding income

It means that the income which is receiavable

we have to show at Assets Side

For Example during the financial year Purchase is 100000
and sales 150000
profit = 50000

we recieved 40000 during the year and remaining 10000
is accrued income.

Imp: we have to add 10000 to Sales ( 40000+ 10000 )and
again we have to show assets side

Answer / harindra sahani

Accrued income mean,whiche income earned in current
accounting year but not receve this year, its receive next
year,Example, interest on investment as on 31/03/2008 but
he is only so balance sheet assets sid and he receive next
accounting year after march so its is a my assets ,

Answer / h.s.sarda

If fd is made for 2 years, interest is rs. 2000/- for 2
years. acutually recd. after maturity of 2 years. But at
the time of closing for 1st year, we have to record rs.
1000/- as a interest receivable.

Answer / parisha shalini

Income that is earned in a fund or by company by providing
a service or selling a product, but has yet to be received.
Mutual funds or other pooled assets that accumulate income
over a period of time but only pay it out to shareholders
once a year.

What are the accounting conventions and Practices?

0 Answers  

what is a JOURNAL ENTRIES FOR ISSUING A dabit NOTE

10 Answers  

What is ideal debt-equity ratio

12 Answers   BPO, JP Group, Scope International,

Which asset is depreciated in tangible?

3 Answers  

What is the significance of Journal entry

2 Answers  

what is the meaning of Journal Ledger?

11 Answers  

I am poor in written test. i ever qualify in written test so please keep a bank of america model paper

5 Answers   BACS, Bank Of America, Capital IQ, Genpact, ICICI,

i have one doubt. i purchases of fixed assets from other state the value 5 lack. the transpotation cost of 50 thousand now the value of fixed asstes is 550000 or only 5 lack, it is right or worng .. pls cleare my question

6 Answers  

Define bank Overdraft

5 Answers  

I AM WORKING IN THE CORPORATE (HEAD OFFICE)OF A FINANCE COMPANY. I CO-ORDINATE FOURTEEN BRANCHES IN DELHI. AND MY JOB PROFILES ARE BANK RECONCILIATION,CASH RECONCILIATION, MIS,TRAINING TO THE JR.EXECUTIVES,BRANCH VISIT,SUPPORTING TO BRANCH,ETC. THE QUESTION WAS WHAT U DO FOR UR BRANCH? I TOLD MY ALL JOB PROFILE BUT IT WAS NOT A GOOD ANSWER. WHAT TO SAY FOR THE NEXT TIME?

5 Answers   Genpact, HCL,

EXPAND___________NTF

1 Answers  

We are a education institute based in chennai.if i purchase a product in chennai and i transfer it to our branch which is in bangalore. we don't have tin nos,Sales tax nos, cst nos. We have only service tax nos. what is the procedure.

0 Answers