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different between income accrued and income receivables
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Answer Posted / nitin mulik
The concept Accrual of income is used for income earned but
same is not received till now.This concept is used for
example interest, rent, salary etc
The concept of Income receivable is used for the
Debtors.i.e. amount is receivable from customers
thats it..........
| Is This Answer Correct ? | 2 Yes | 1 No |
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