What is Accrued Income | Accounting Knowledge

Income Accrued or Accrued Income is income earned for the accounting year concerned but has not been received at the close of the fiscal year because the date of receipt/billing has not yet matured. Example: August 1, 2009, Company X bought 24% of PT Y Bonds with a nominal value of Rp. 100,000,000.00 interest is … Continue reading What is Accrued Income | Accounting Knowledge