Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 9 - No. 1)
What is the effect on the income statement when the company recognizes accrued income?
Decreases revenue.
Increases revenue.
Decreases expenses.
No impact.
Explanation
Accrued income increases revenue because it represents income that has been earned but not yet received.
Comments (0)
