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What is Accrued Income?

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Question added by Shamna Mohammed Ali , Accountant , Almoayed Chambers
Date Posted: 2014/10/16
Abdul Rehman Zaheer
by Abdul Rehman Zaheer , Marketing & Projects Specialist , King Fahd University of Petroleum & Minerals

it's that which has been earned but not yer recieved. it's recognized in the accounting period of arising.

imran shaik
by imran shaik , Accounts Executive , Murthy & Prasad & co

actually it is a receivable income in future date .

 

manseer muhammed ali
by manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

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

padmakumar pathiyil
by padmakumar pathiyil , Marketing Consultant , Management Consultancy

Income that is earned and yet to be received is known as accrued income.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

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.  

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