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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Employment Income
I am confused about when to assess the employment earnings.Which earnings are assessed on actual recieved basis and which on accruals basis?
Also it is told that date of reciept is earlier of actual payment or being entitled to such payements.But isn’t being entitled to payment an accruals basis?
Please help me understand this.Thankyou.
Employment income is assessed on a received basis not an accruals basis and the date you become entitled to the payment is not the same as the period for which it was earned – again it is not the accruals system.