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what is difference between income accrued and income
receivable?
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Answer Posted / vivek
ACCRUED INCOME MEANS THE INCOME WHICH HAS ACCRUED BUT HAS
NOT BEEN RECIEVED YET.eg.commission to be recieved
INCOME RECEIVABLE IS THE INCOME WHICH WILL BE RECIEVED IN
THE NEARBY FUTURE.IT IS MORE LIKE ACCOUNTS RECEIVABLE.
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