How to record Accrued income | Journal Entries | What is accrued income?
What is accrued income?
In simple terms these are amounts that have not yet been received for delivering goods or rendering services.
Accrued means outstanding or owing, so in this case the other party owes us money, there are procedures on recording these transactions.
Check out the video on Accrued Expenses
• How to Record Accrued Expenses | Jou...
"For God so loved the world that He gave His only begotten Son, that whoever believes in Him should not perish but have everlasting life."
John 3:16
" For the wages of sin is death, but the gift of God is
eternal life in Christ Jesus our Lord."
Romans 6:23
There is a God who loves you and who deeply cares for you, so much so that He gave His only precious Son to die on a cross for our sins, He is a Holy and Righteous God yet He made a way for us to be justified by the blood of His Son Jesus Christ, and through Him God has given us the gift of eternal life, saving us from the penalty of our sins in Hell . He has come that we may have Life.
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