What is entry of Accrued Revenue?
What is entry for Deffred revenue?
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Accrude Deferred Account
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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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