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...
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John 3:16
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