Accounting treatment of accrued income
This query is : Resolved
20 January 2023
what is accounting treatment of accrued income and when it transferred to interest income.
20 January 2023
At the year end accrued interest is debited and interest income is credited.
Accrued interest is credited when amount is received.
Accrued interest is credited when amount is received.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Proceeds from sale of Jointly held Flat
- TDS Under Section 194IA Where More than one Buyer and More than one Seller
- Refund of return filed for deceased
- ISSUANCE OF TAX INVOICE IF CAR/BIKE SOLD SHOWN IN FIXED ASSET
- GSTR 1 CAN NOT BE FILED AFTER 3 YEARS
- Interest on Capital-Partnership Firm
- LTCG loss on delisted shares
- Want to zero reversal electronic credit reversal ledger
- TDS on rent paid to NRI rate
- Updated return
- Itc claim of capital goods
- 80G deduction eligibility
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
- Switch over to Composition Scheme
Trending Online Classes
-
Online GST Course - Master the Fundamentals of GST with Practical Insights
Ruhi Joshirao19 January 2026
CAclubindia
