Question

The income which is earned during the year, but it has not been received during the year. Answer in a word / phrase / term.

Answer 1

Hey mate ✌️✌️

The income which is earned during the year, but it has not been received during the year.


ANSWER ⏬⏬⏬⏬⏬


INCOME RECEIVABLE.

Answer 2

The income which is earned during the year, but it has not been received during the year is accrued income.

* Accrued accounting is an alternative method to cash accounting method and used in cases where goods and services are provided on credit.

* An example is mutual funds in which income is generated during a particular period of time, however, payments are made only once in a year to the shareholders.