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what is an accured account ?
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Answer / avinash
it is a statement of income which is earn, but not received
in the accounting year.
for exp....outstanding income.
| Is This Answer Correct ? | 17 Yes | 3 No |
Answer / ashok
Accured Account means all income and Expenses will take on due/receivable basis. However , when it receive it will be ignore.
| Is This Answer Correct ? | 13 Yes | 3 No |
Answer / satyendra singh
Accrued means any income due but not received in the
accounting period this is called accured.
accounts means if we taking records of this accrued, this
is called accounts.
taht means Accrued accounts
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / vivek mohan nair
Accrued Income means which is due but not recived in a
financial year. Examples are Accrued Income which is earned
but still to be recieved.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / chandu
accured account means transaction occured when they are paid/received are accrued.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / guest
Meaning of accured account is 100% correct result of
account. Process of accounting is two types that is one is
computer accounting and second one is manual accounting.
computer accounting is accured account.
| Is This Answer Correct ? | 4 Yes | 21 No |
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1. During the current period, ABC Ltd sold 60,000 units of product at Rs. 30 per unit. At the beginning for the period, there were 10,000 units in inventory and ABC Ltd manufactured 50,000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Number of units Unit cost Rs. Rs. Beginning inventory: Direct materials 67,000 10,000 6.70 Direct labour 1,55,000 10,000 15.50 Variable factory overhead 18,000 10,000 1.80 Fixed factory overhead 20,000 10,000 2.00 Total 2,60,000 26.00 Current period costs: Direct materials 3,50,000 50,000 7.00 Direct labour 8,10,000 50,000 16.20 Variable factory overhead 90,000 50,000 1.80 Fixed factory overhead 1,00,000 50,000 2.00 Total 13,50,000 27.00 Selling and administrative expenses: Variable 65,000 Fixed 45,000 Total 1,10,000 Instructions: 1. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the absorption costing concept. 3. Give the reason for the difference in the amount of income from operations in 1 and 2.
Audit 
