different between income accrued and income receivables
Answer Posted / nitin mulik
The concept Accrual of income is used for income earned but
same is not received till now.This concept is used for
example interest, rent, salary etc
The concept of Income receivable is used for the
Debtors.i.e. amount is receivable from customers
thats it..........
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
What is an audit process?
what supporting documents do we vouch to for sales, purchases, receivables, payables, sales cutoff, and liabilities cutoff?
How will you calculate impairment of assets of a software company?what is the necessary steps briefly describe?
Who will audit an auditing firm?
Whether Advance against property to be included in Loans & Advances while referring to section 185 & 186 of Companies Act, 2013?
What is an internal audit?
What Is Social Audit?
who is the auditor and his deautis
What are the objectives of internal audit?
what is audit & activities of auditor?
What does an internal audit charter contain?
What are the reasons for getting audited?
THIS QUESTION IS RELATED TO PAY ROLLS IF ANY BODY HAS THE FORMULAES IN EXCEL ABOUT PAYROLLS CALUCULATIONS PLS HELP ME OUT
What is non statutory audit?
How can scope of internal audit help you?