Question

what is the accounting treatment of earned income or accrude income​

Answer 1

Answer:

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Explanation:

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.

Answer 2

Answer:

Explanation:

Earned income is that income which is earned by any organization but accrued income is that income which is earned but not received from others by any organization.

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