English

Answer in One Sentence:State the meaning of Accrued Income? - Book Keeping and Accountancy

Advertisements
Advertisements

Question

Answer in One Sentence:
State the meaning of Accrued Income?

One Line Answer
Advertisements

Solution

The income which is due and supposed to be received in the accounting year, but actually not received during the accounting year, is known as Accrued Income.

shaalaa.com
  Is there an error in this question or solution?
Chapter 9: Final Accounts of a Proprietary Concern - EXERCISE [Page 316]

APPEARS IN

Balbharati Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
Chapter 9 Final Accounts of a Proprietary Concern
EXERCISE | Q 1. 7) | Page 316
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×