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it's that which has been earned but not yer recieved. it's recognized in the accounting period of arising.
actually it is a receivable income in future date .
Accrued income is an amount that has been1) earned,2) there is a right to receive the amount, and3) it has not yet been recorded in the general ledger accounts
Income that is earned and yet to be received is known as accrued income.
Income earned for a particular period, but the monitory proceeds are yet to be received from a third party are called "Accrued Income". Example: A declared dividend on the shares held in the name of the company, whereas the dividend warrants/ electronic transfer of dividend proceeds are pending for the accounting period from the Investing company.