Accrued income: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Categorise.) |
imported>Doug Williamson (Expand definition. Sources: linked pages.) |
||
| Line 1: | Line 1: | ||
''Financial reporting - accruals accounting.'' | |||
Accrued income is revenue earned by a business but not yet invoiced or received. | |||
It is an asset in the balance sheet. | |||
Future economic benefits are expected to flow to the reporting entity. Namely the future receipt from the customer. | |||
== See also == | == See also == | ||
* [[Accrual]] | |||
* [[Accruals accounting]] | |||
* [[Assets]] | |||
* [[Balance sheet]] | |||
* [[Deferred income]] | |||
* [[Financial reporting]] | |||
* [[Reporting entity]] | |||
* [[Revenue]] | * [[Revenue]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 10:11, 28 July 2020
Financial reporting - accruals accounting.
Accrued income is revenue earned by a business but not yet invoiced or received.
It is an asset in the balance sheet.
Future economic benefits are expected to flow to the reporting entity. Namely the future receipt from the customer.
