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accrued income
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Answer / aditya bhushan
Income earn but yet not receive means income earn in financial year but nor receive in current year
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / dibyendu bhattacharyya
Income earned in this currnet year but not yet received as
at the end of this financial year
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / mehtab ahmad
the income which is earned but yet not recieved
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sanjeev sharma
the income which was we erend but not read in that fin.year,
was a acrued income
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / md ashif
That types of Income which is earned Financial year but not
recevied in this year.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / u.a.k
In simple words- Cash
collected in advance of
providing good and services.
And its a liability to provide
those goods and services,
hence treated as such.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / leena
It means income which has not yet been and therefore bas not been received.
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / lokesh
its a income, not in the form of cash at present
| Is This Answer Correct ? | 0 Yes | 3 No |
Actually we had Posted P.V.C bills to Indian Railway the total bills amount is Rs.10,00,000/-, and government had passed only Rs. 8,00,000/- and gov. had said that there are no more P.V.c bills are lying outstanding in their a/c, so for now are claiming Rs. 2,00,000/- as loss on sale, i m totally confused what would be the impact on the Profit and loss a/c , and in which group it will come,if I do a entry of:- dr. Central sale @12.5% a/c Rs.2,00,00/- Cr. Loss on sale a/c Rs.2,00,000/- or Will i adjust the Cst@12.5% on Pricipal Value, or will i pass on the entry on total amount i.e Rs.2,00,00/- Plz guide,me soon.
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