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Journal Entry for Accrued Income or Income Due

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  • Last Updated : 08 Jun, 2022
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An income that has been earned but not yet received in the current financial year is called Accrued Income.

Journal Entry: 

 

Example 1: Commission earned but not yet received ₹1,000.

Solution:

 

Example 2: Dividend ₹2,000 has not been received yet.

Solution: 

 

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