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Question Practice

If accrued income is not recorded, which of the following is the likely outcome?

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MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - II
Question Bank

If accrued income is not recor...

Single Answer MCQ
Q-00053616

If accrued income is not recorded, which of the following is the likely outcome?

1

Profits would be overstated.

2

The balance sheet would reflect true liabilities.

3

Total assets would inaccurately represent the company’s position.

4

No impact on the company's cash flow.

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