Assistant Manager Tax Question:

Download Job Interview Questions and Answers PDF

What is considered as accrued income?

Assistant Manager Tax Interview Question
Assistant Manager Tax Interview Question

Answer:

Income which has been earned but not yet received is known as accrued income. Income is recorded in the same accounting period in which it is earned rather than in the subsequent period in which it will be received.

Download Assistant Manager Tax Interview Questions And Answers PDF

Previous QuestionNext Question
Who is resident but not ordinary resident?Explain motor registration fee and taxation?