ACCURED INCOME
This query is : Resolved
22 June 2010
DEAR ALL,
PLS. HELP ME
WHAT IS MEAN BY ACCURED INCOME WITH EXAMPLE
PLS. HELP ME
WHAT IS MEAN BY ACCURED INCOME WITH EXAMPLE
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.
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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