whatis mean by accured income?

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whatis mean by accured income?..

Answer / yugendar

The income which is earned by the business but not yet
received.
All receivables are called accrual incomes

Is This Answer Correct ?

30 Yes

3 No

whatis mean by accured income?..

Answer / jagadeesh

Income earned but not received. (The goods or services
provided but the benefit yet to be received)

Is This Answer Correct ?

18 Yes

0 No

whatis mean by accured income?..

Answer / a.madhu sudhan rao

Accured income means outstanding income

It means that the income which is receiavable

we have to show at Assets Side

For Example during the financial year Purchase is 100000
and sales 150000
profit = 50000

we recieved 40000 during the year and remaining 10000
is accrued income.

Imp: we have to add 10000 to Sales ( 40000+ 10000 )and
again we have to show assets side

Is This Answer Correct ?

23 Yes

7 No

whatis mean by accured income?..

Answer / harindra sahani

Accrued income mean,whiche income earned in current
accounting year but not receve this year, its receive next
year,Example, interest on investment as on 31/03/2008 but
he is only so balance sheet assets sid and he receive next
accounting year after march so its is a my assets ,

Is This Answer Correct ?

5 Yes

0 No

whatis mean by accured income?..

Answer / h.s.sarda

If fd is made for 2 years, interest is rs. 2000/- for 2
years. acutually recd. after maturity of 2 years. But at
the time of closing for 1st year, we have to record rs.
1000/- as a interest receivable.

Is This Answer Correct ?

3 Yes

3 No

whatis mean by accured income?..

Answer / parisha shalini

Income that is earned in a fund or by company by providing
a service or selling a product, but has yet to be received.
Mutual funds or other pooled assets that accumulate income
over a period of time but only pay it out to shareholders
once a year.

Is This Answer Correct ?

0 Yes

1 No

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