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.

Interest earned on investments is an__________

0 Answers  

Using only five 3's (can use any operators)how do you get the value as 51.

1 Answers  

What's the meaning of Preferential Creditor?

0 Answers  

Under what rate will be the Head office related accounts, like Head Office Current A/c, Goods from Head Office A/c, will be converted in case of Foreign Branch...??

1 Answers  

Mr X has invest Rs.150000/- from his saving bank a/c for fixed deposit after maturity he received with interest amt Rs.165000/- He requested bank to renewed the same excluding inst amt.Bank after deducting charges credit the insterest amt to Mr. X a/c..pass the Journal entry in the books of MR.X

2 Answers  

what you mean by landed cost?

2 Answers  

what is accounting? pls tell me in exact definition

3 Answers  

Dividend per share?

1 Answers  

what is the difference between financial accouning and financial management?

0 Answers   Telenor,

What is the difference between Depreciation charged in P&L a/c and the Depreciation deducted from Assets' value in Balance Sheet, in an accounting period?

2 Answers   ABC, Thomson Reuters,

Expand ------UPCC

1 Answers  

under which category petty cash expences will fall in tally ERP.9?

5 Answers