Journal Entry for Accrued Income or Income Due

Last Updated : 18 Apr, 2026

An income that has been earned but not yet received in the current financial year is called Accrued Income. It is recorded with an adjusting entry to recognize the income earned during the accounting period.

Accrued Income Journal Entry

Example 1: Commission earned but not yet received Rs 1,000.

Solution:

Example 2: Dividend 2,000 has not been received yet.

Solution: 

  1. Journal Entry for Income Received in Advance or Unearned Income
  2. Journal Entry for Income Tax
  3. Journal Entry for Life Insurance Premium & Employee’s Life Insurance
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