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Examples of Income by: Anonymous Dividend income Commission income

Income Examples by: Roshan Sales Rent received Interest from bank Cash received from debtors Etc... Hi Roshan and thanks for your answers here. Actually, everything above is correct as examples of income except for one item: "cash received from debtors." This item is not actual income but rather just a cash receipt (not the same thing). It is just money being paid by people that owe you (called "debtors"). The income relating to these debts would have been recorded separately - usually in the form of sales or services rendered. See the lesson on accrued income for a full explanation of the difference between income itself and the cash received as a result of making some income. Best, Michael Celender Founder of Accounting Basics for Students

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