Monday, 14 March 2022

A basic test on accrued income

A basic test on accrued income:


You are working on the accounting records of a business for the year ended 31 March 20X7. You are looking at the rent income for the year and this includes receipts for the following periods:


Apr 20X6 – Jan 20X7


Apr 20X6 – May 20X7



Identify the accrued income that needs to be posted into the accounts?


Account name

Amount (£)

Dr/ Cr







No comments:

Post a Comment