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February 10, 2020 at 6:16 am
Why haven’t you considered time value of money here.
August 13, 2019 at 4:53 pm
accrued income will be charged as $1500 in the first year but should be charged as $500 for the remaining 2-4 years.
October 2, 2019 at 12:34 am
@ayeshazain It’s not a charge. We created a fictitious asset by the name of accrued income. By crediting the rental income and debiting accrued income. This is done because our first year is rent free and we didn’t recieve any cash. From second year onwards as we start receiving cash we keep using up this asset by crediting it.
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