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Accounting treatment of accrued income

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(Querist)
20 January 2023 what is accounting treatment of accrued income and when it transferred to interest income.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 January 2023 At the year end accrued interest is debited and interest income is credited.
Accrued interest is credited when amount is received.

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