whatis mean by accured income?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

which are company offering jobs in PORTFOLIO MANAGEMENT ?

1784


Define the word Profit in terms of business

1694


Short Answer on _________Financial accounting

1429


what is participation right is it a debt? or not?

1677


Short answer on Amalgamation

1480






What are motive behind mergers And acquisitions?

1703


what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.

1637


why the closing stock is not considered in drawing trail balance.... Are there any other items like the above

1939


What is finance lease

1741


What is Compliance?

1654


The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed

1738


define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09

1726


what is corporate accounting?

1563


Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.

972


You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6

1040