Accrued income - Revision history

Doug: Add link.

2024-07-26T14:49:03Z

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← Older revision		Revision as of 14:49, 26 July 2024
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	* [[Reporting entity]]		* [[Reporting entity]]
	* [[Revenue]]		* [[Revenue]]
			* [[Revenue recognition]]
	* [[Work in progress]]		* [[Work in progress]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

2023-01-11T11:08:20Z

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2023-01-10T23:20:21Z

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← Older revision		Revision as of 23:20, 10 January 2023
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	It is an asset.		It is an asset.

	(The related accounting entries being: DEBIT Accrued income in the balance sheet; and CREDIT Revenue in the income statement.)		(The related accounting entries being: DEBIT Accrued income asset in the balance sheet; and CREDIT Revenue in the income statement.)

2022-02-07T16:22:21Z

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2021-08-09T23:52:10Z

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← Older revision		Revision as of 23:52, 9 August 2021
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	Namely the future cash receipt from the customer.		Namely the future cash receipt from the customer.


			There is no liability associated with this asset, because we have already undertaken the relevant revenue-earning work.

			For this reason, the revenue is recognised already, in the income statement.

2021-08-09T09:48:19Z

Layout.

← Older revision		Revision as of 09:48, 9 August 2021
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	It is an asset.		It is an asset.

	(The related accounting entries being DEBIT Accrued income in the balance sheet, and CREDIT Revenue in the income statement.)		(The related accounting entries being: DEBIT Accrued income in the balance sheet; and CREDIT Revenue in the income statement.)

2021-08-09T09:47:38Z

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← Older revision		Revision as of 09:47, 9 August 2021
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	Accrued income is revenue earned by a business but not yet invoiced or received.		Accrued income is revenue earned by a business but not yet invoiced or received from the customer.

	It is an asset ~~in the balance sheet~~.		It is an asset.

	(The related accounting entries being DEBIT Accrued income and CREDIT Revenue.)		(The related accounting entries being DEBIT Accrued income in the balance sheet, and CREDIT Revenue in the income statement.)


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	Future economic benefits are expected to flow from the asset to the reporting entity.		Future economic benefits are expected to flow from the asset to the reporting entity.

	Namely the future receipt from the customer.		Namely the future cash receipt from the customer.

2020-10-29T12:08:09Z

Amend header.

← Older revision		Revision as of 12:08, 29 October 2020
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	''Financial reporting - accruals accounting.''		''Financial reporting - balance sheet - assets - accruals accounting.''


	Accrued income is revenue earned by a business but not yet invoiced or received.		Accrued income is revenue earned by a business but not yet invoiced or received.

2020-10-07T12:12:13Z

Add link.

← Older revision		Revision as of 12:12, 7 October 2020
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	* [[Reporting entity]]		* [[Reporting entity]]
	* [[Revenue]]		* [[Revenue]]
			* [[Work in progress]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

2020-09-16T10:16:45Z

Add link.

← Older revision		Revision as of 10:16, 16 September 2020
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	Future economic benefits are expected to flow from the asset to the reporting entity. Namely the future receipt from the customer.		Future economic benefits are expected to flow from the asset to the reporting entity.

			Namely the future receipt from the customer.


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	* [[Accrual]]		* [[Accrual]]
	* [[Accruals accounting]]		* [[Accruals accounting]]
			* [[Accrued expense]]
	* [[Assets]]		* [[Assets]]
	* [[Balance sheet]]		* [[Balance sheet]]
			* [[Credit]]
			* [[Debit]]
	* [[Deferred income]]		* [[Deferred income]]
	* [[Financial reporting]]		* [[Financial reporting]]