Business Studies, asked by tawden982, 10 months ago

state the meaning of accrued income​

Answers

Answered by devansh9947
0
The income that you already have.
Answered by venus209
0

Answer:

Accrued income is income which has been earned but not yet received. Income must be recorded in the accounting period in which it is earned. Therefore, accrued income must be recognized in the accounting period in which it arises rather than in the subsequent period in which it will be received.

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