Answer Posted / 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 |
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