Income due but not received is a liability.

State True or False with reason:

Income due but not received is a liability.

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

This statement is False.

Income due but not received is an Asset and not a liability.

4 views Answered 2023-02-05 15:29

Related Questions

A sum of Rs. 400 was distributed among the students of a class. Each boy received Rs. 8 and each girl received Rs. 4.

2 Answers 9 Views

A sum of Rs. 400 was distributed among the students of a class. Each boy received Rs. 8 and each girl received Rs. 4.

2 Answers 17 Views

Amrit Ltd. has issued 5,00,000 Equity Shares of Rs. 10 each for subscription. All the calls were made and amount were received on due dates expect all

2 Answers 6 Views

How will you differentiate the following? A) Ethylene and ethane b) Ethylene and acetylene c) Ethane and ethyne d) But-1-ene and but-1-yne e) But-2-yn

2 Answers 4 Views

i. Expenses are paid before it is due. ii. Income due but not yet received. iii. Carriage paid on the sale of goods.

2 Answers 5 Views

Fixed income is received in ………………..

2 Answers 5 Views

i. _______ clause contains the details of liability of the members. (a) Name (b) Liability (c) Object

2 Answers 9 Views

i. Memorandum need not have a Liability Clause. ii. Articles of Association are subordinate to Memorandum.

2 Answers 5 Views

25) Following errors were detected from the books of accounts of Amar. Give journal entries to rectify them. 1) Rs 5000 paid for wages for erecting the plant were entered in the wages \( A / c \) 2) Paid Rs 2000 as salaries to Ramu but an amount was debited to his personal \( A / c \). 3) Rs 6000 received from a customer namely Dinesh is credited to Capital \( A / c \)

2 Answers 4 Views

A ____________ liability is an uncertain liability. (a) Long term (b) Contingent (c) Current (d) Fixed

2 Answers 5 Views

এক্সাম দিয়ে মেধা যাচাই করুন

Job Preparation (1125)

Admission (754)

এসএসসি (10)

এইচএসসি (5)