Accrued Income

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CompasX

CompasX

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ACCRUED INCOME is income earned during a fiscal period but not paid by the end of the period.
 
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viethungKT

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6/6/15
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accrued income is income which has already been earned but not yet received at the end of accounting period.
recognise an asset in B/S and record an income in I/S.
 
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