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Question Practice

What is accrued income?

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

What is accrued income?

Single Answer MCQ
Q-00053607

What is accrued income?

1

Income that is received in advance

2

Income that has been earned but not yet received

3

Income that is temporarily deferred

4

Income that is reported only in cash flow statements

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Q4.

How are accrued incomes treated in financial statements?

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