An income is that amount which is earned as a result of sale of goods or rendering of services to a party.
The various types of earnings are:
- Interests on Investments
 - Received Commissions
 - Rents Received
 - Rents from tenants
 - Rents from procedure of sub-letting
 - Miscellaneous Revenue Receipt
 - Interests on Drawings
 - General Interests
 - Recovery of Bad Debts
 - Dividends
 - Apprentice Premium
 - Sales Amount
 - Salary
 - Income from other sources
 
Links of Previous Main Topic:-
- Preparation of final accounts
 - Recording of business transaction basis of accounting
 - Single entry system of bookkeeping
 - Double entry system of bookkeeping
 - Classification of accounts
 - Rules of double entry or accounting rules
 - Accounting cycle
 - Journal
 - Ledger
 - Trial balance
 
Links of Next Financial Accounting Topics:-
- Expenditure
 - Assets
 - Liabilities
 - Final accounts
 - Trading account
 - Profit and loss account
 - Balance sheet
 - Adjustments in financial accounting
 
      
        