Q: Is accrued income recorded in subsequent accounting period ?

Ans: No, the income is recorded in same accounting period. 

Firstly, the income is earned and then it is received. The income which has been earned but not received is known as accrued income. There are two periods i.e same accounting period and subsequent accounting period. The income is recorded in same accounting period in which it is earned rather than in the subsequent accounting period in which it is received. This income is known as accrued income.

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