what is accrual income ?

Answer Posted / laxman

Accrual income that means the income has earned but not
received in during the accounting period is called Accrual
income.

Is This Answer Correct ?    20 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the difference between reserve and provision.

1809


Can i make invoice when my client apply for TIN Number ?

1662


EXPAND___________NAC

1610


What is contract accounting?

1850


Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts

1573






Dear sir i had been called for ntpc interview and gd next month..please guide me for it!

2367


You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000

1481


what is mean by ledger

3059


Questions on Purchase Book & sales Book .Balance sheet , Purchase & Sales Return

1936


Distinguish capital and revenue expenditure

1615


what are the difference between banking institutions and financial institutions?

1562


what are the important steps to take during the conversion of an accounting system.

1511


Expand---------PDCB

1517


Short Answer on _____________Accident Insurance

1343


PO Amount is 100000 Jv is Purpose A/c To Party A/c First payment is 10000 TDs is 1000 What is the Payment enter in tally

1769