Accrued income

By | 2017-09-13T10:53:40+00:00 13th September 2017|

Accrued income is earnings or money accumulated for providing a service or selling a product that has yet to be received. Mutual funds or other pooled assets that collect income over a period of time but only pay out to shareholders once a year are by definition accruing their income., The “accrual accounting system” is where individual companies accrue income without actually receiving it.