Income earned but not received is known as ________
A. Advance income
B. Proposed income
C. Earned income
D. Accrued income
Answer: Option D
Solution(By Examveda Team)
Accrued income is income which has been earned but not yet received. Income must be recorded in the accounting period in which it is earned. Therefore, accrued income must be recognized in the accounting period in which it arises rather than in the subsequent period in which it will be received.Related Questions on Tally
A. Peutronics
B. Tally Solutions
C. Coral Softwares
D. Vedika Softwares
in general the financial year from shall be from
A. 1st April of any year
B. 31st March of any year
C. All of them are true
D. None of these
Which menu appears after starting Tally for the first time
A. Gateway of Tally
B. Company Info
C. Display
D. None of these
Which option is used in Tally to make changes in created company
A. Select Company
B. Shut Company
C. Alter
D. None of these
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