What you mean by accrued Income?

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. One example of accrued income is the interest earned on a bond investment.

Accrued income is an amount that has been

1) earned,

2) there is a right to receive the amount, and

3) it has not yet been recorded in the general ledger accounts.

Agree with experts - adequately answered

accrued income  ; example company has bank deposit and the interest related to the financial period not credited to company bank account., that amount   should be recorded as accrued income till it added to the bank account  

Dr  accrued income - interest

Cr  Other income  Interest

accrued income is earnings from investments that have not yet been received by the investing entity, and to which the investing entity is entitled.

is an amount that has been

1) Earned.

2) There is a right to receive the amount.

3) It has not yet been recorded in the general ledger accounts.

One example of accrued income is the interest earned on a bond investment.

Hope you find this helpful , and thanks for the invitation .

I agree with Mr. Vinod Jaitley answers

Income that shall be earned / righteously yours when you have fulfilled your agreement with the other party involved in transaction.

Income or the money which has yet to be received. there are examples 

Income that is earned in a fund or by company by providing a service or selling a product, but has yet to be received.For example, assume that a company is expected to complete services for another company once per month for six consecutive months, but that under the terms of the contract, it will not receive monetary payment for these services until the end of the six-month period. The company performing the services can accrue a percentage of the income earned after each month, even though physical payment will not take place until after the six-month period.

Accrued income is the income that has been earned but to be received or to be recorded in general ledger. Interest on bond is its example

Accounting is the process of recording summarizing and interpreting in systematic manners.

internal auditing is a catalyst for improving an organization's governance, risk management and management control by providing insight and recommendation based on on analysis and assessment  of data and business process.