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Question Practice

What is the primary role of accrued income in preparing financial statements?

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

What is the primary role of ac...

Single Answer MCQ
Q-00053620

What is the primary role of accrued income in preparing financial statements?

1

To inflate profits

2

To recognize income that has been earned

3

To reduce liabilities

4

To simplify accounting records

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