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What is the difference between accrued income and income in advance?
Wiki User
∙ 9y ago
Accrued income is that where income is earned but amount is not received while income in advance is reverse of accrued income where amount is received in advance but services not provided yet.
Wiki User
∙ 9y ago
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Difference between accrued income and outstanding income?
Accrued Income is income that is earned by provided a service or the sale of a product but hasn't been received yet. Outstanding income is income that is yet to be earned.
What is the difference between Accrued income tax and deferred income tax?
we dont have an idea either. thanks wharton
What is the journal entry accrued income?
[Debit] Accrued income receivable [Credit] Accrued income
Journal entry for accrued income?
[Debit] Accrued income receivable [Credit] Accrued income
What does accrued income mean?
Accrued Income is an income already incurred but no payment is received yet.
Difference between accrued income and outstanding income?
Accrued Income is income that is earned by provided a service or the sale of a product but hasn't been received yet. Outstanding income is income that is yet to be earned.
What is the difference between Accrued income tax and deferred income tax?
we dont have an idea either. thanks wharton
Journal for Accrued income?
[Debit] Accrued income receivable [Credit] Accrued income
What is the journal entry accrued income?
[Debit] Accrued income receivable [Credit] Accrued income
Journal entry for accrued income?
[Debit] Accrued income receivable [Credit] Accrued income
What does accrued income mean?
Accrued Income is an income already incurred but no payment is received yet.
Is accrued income posted as cr to accrued income and debit to sales account net?
no its the opposite Accrude income Dr. Sales Cr. Accrued income is income that has incurred but not yet invoiced.
What is an example of an current liability account?
Trade Creditors Accrued expenses Prov. for annual leave Prov. for taxation Income in advance
How do you treat accrued income?
income receivable
What is the difference between consumption and income?
the difference between income and consumption
How is accrued income resented in the financial statement?
Accrued income is income which the company has earnd but not yet received and shown as a current asset in balance sheet.
Accrued income is asset or liability?
no
