ACCRUED INCOME Definition

ACCRUED INCOME is income earned during a fiscal period but not paid by the end of the period.

Learn new Accounting Terms

DISCOUNT is a decrease in value (often due to interest to be earned) or decrease in price.

FICTITIOUS NAME is often referred to as a DBA, "Doing Business As," a fictitious name is frequently used by sole proprietors or partnerships to provide a name, other than those of the owners or partners, under which the business will operate.

Suggest a Term