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what is entry for Accrude Income

What is entry for deferred income

explain also

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i agree with aldrine

there is always accured income .but not deffered income but ya deffered expences

accured income

party /recievable/ a/c dr

to acccured income

 

deffered  expences

deffered ----------- exp. a/c dr

to --------- exp. a/c

i hope u will clear

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