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ACCURED INCOME

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(Querist)
22 June 2010 DEAR ALL,

PLS. HELP ME

WHAT IS MEAN BY ACCURED INCOME WITH EXAMPLE
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
22 June 2010 Accured Income : Accured Income means income due during the Financial year, but not received. For example You made a FD for 2 year. FD will be matured after 2 year. You will recd interest with pricipal amount after 2 year.But interest is related to both year.
Hence you have to shown at the end of 1st year, Interest accured but not recd = Interest related to such finanical year.
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Arun Iyer

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Arun Iyer (Querist)
29 January 2011 Thank You Sir
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