(i) Income received before it is due. (ii) Unpaid expenses of a business.
Give a word, term, or phrase which can substitute each of the following statements:
(i) Income received before it is due.
(ii) Unpaid expenses of a business.
(iii) Account prepared on the basis of direct expenses and direct income of the business.
(iv) Account prepared on the basis of indirect expenses and indirect incomes of the business.
(v) Group of accounts which gives the result of business activities.
4 views
1 Answers
(i) Pre-received Income
(ii) Outstanding Expenses
(iii) Trading A/c
(iv) Profit and Loss A/c
(v) Final Accounts
4 views
Answered