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Accrude Deferred Account


sagar (CA Final)     24 June 2010

sagar
CA Final 
 15 likes  379 points

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What is entry of Accrued Revenue?

What is entry for Deffred revenue?

avater

Sunil Liladhar Kotak (Manager (F & A))     25 June 2010

Sunil Liladhar Kotak
Manager (F & A) 
 70 likes  2025 points

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For Accrued income/Revenue


Income Accrued(Assets)--------Dr.

       To income (P/L)

 

For Deffred revenue

Cash/Bank--------Dr.

             To Income (Booked in Current Year)

             To Income Deferred(B/s - Liability side)

Sunil

 

 

 


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