Accrued Income
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Accrued income is money thats been earned, but has yet to be received. Under accrual accounting, it must be recorded when it is incurred, not actually in hand.
Accrued Income meaning & definition 1 of Accrued Income.
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the amount of money that a business earns in a particular period which it records in its accounts but that it does not receive in that period:
Accrued Income meaning & definition 2 of Accrued Income.
