The Income created but not yet received is known as:
A) Unearned Income
B) Outstanding Income
C) Acrued Income
D) none
Correct Answer:
Verified
Q45: Journal entry for wages paid Rs. 5,000
Q46: Interest of Drawings is:
A)Expenditure for the business
B)Expense
Q47: Drawings account is the nature of
A)Personal Account
B)Real
Q48: Outstanding Salaries are shown as:
A)An Expense
B)A Liability
C)An
Q49: Income tax paid by a sole proprietor
Q51: The income earned but not yet received:
A)Accrued
Q52: The closing stock in adjustment is shown
Q53: The opening stock is shown in:
A)Trading Account
B)Profit
Q54: The trial balance checks
A)Arithmetical accuracy of books
B)The
Q55: In case a trail balance does not
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