i. Expenses are paid before it is due. ii. Income due but not yet received. iii. Carriage paid on the sale of goods.
Give a word, term, or phrase which can substitute each of the following statement:
i. Expenses are paid before it is due.
ii. Income due but not yet received.
iii. Carriage paid on the sale of goods.
iv. Statement of Assets and liabilities.
v. Account prepared to know Net Profit or Net loss.
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i. Prepaid Expenses
ii. Accrued Income
iii. Carriage Outwards
iv. Balance Sheet
v. Profit and Loss A/c
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