CCH Trust Accounts
Accrued Income
The document discusses the treatment of accrued income in relation to fixed interest stock transactions, highlighting differences in handling for clients with and without a nominal ledger. It explains how accrued income is affected by the timing of interest payments and emphasizes its distinction from accrued interest. For clients with a nominal ledger, accrued income can be used for both tax and accounting purposes through specific entry methods. The investment schedule reflects accrued income based on the client's setup, detailing its visibility according to accounting preferences and requirements.