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Question Practice

In a trial balance, how should income received in advance be listed?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

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

In a trial balance, how should...

Single Answer MCQ
Q-00054332

In a trial balance, how should income received in advance be listed?

1

As a credit entry

2

As a debit entry

3

At the top of the trial balance

4

With regular revenues

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