What is mean by acquired income?

Answer Posted / ca nirav radia

hello mr praveen this is nirav here it should be accrued
income and not acquired income an income which is accrued
but not received but an income is already credited in the
books of accounts.

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system

1588


want to know the questions and answers frequently asking in banks at the time of interview for any cadre

1565


What is royalty reserve?

6581


What is the definition of accounting?

622


Mention your extra-curricular interests. Which do you actively pursue? How do you see these developing in the future?

1955






Tell us what do you believe should be an important quality of an account executive?

563


Tell me what are the activities that includes in cash flow statement?

957


what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.

1408


A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?

1700


how do made in finalization

1549


what is the procedure to appoint an Austrlian citzen as indian company director...

1362


What a deferred asset is and give an example?

632


how sales invoices adjusted against advance received from Debtor?

1483


What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings

3814


When Tds is applicable to deduct and wht is rate for different work panel?

1484