Income earned but not received to known as _______________ income
A) Accrued
B) Prepaid
C) Nomina
Correct Answer:
Verified
Q63: Asset that can be converted into cash
Q64: Balance sheet is prepared for a _
A)Period
B)On
Q65: Income received in advance is an _
A)Asset
B)Liability
C)Expense
Q66: If goods are destroyed by fire ,
Q67: Provision for account on creditors has a
Q69: Prepaid expense is _ to the business
A)Asset
B)Liability
C)Expense
Q70: Withdrawing more amount from bank than the
Q71: Income of overdraft, pass book will show
Q72: Cash book shows _balance when there is
Q73: When bank charge incurred, overdraft will be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents