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Question Practice

What is the term for income that is received in advance but belongs to a future accounting period?

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 the term for income th...

Single Answer MCQ
Q-00054317

What is the term for income that is received in advance but belongs to a future accounting period?

1

Accrued income

2

Deferred income

3

Unearned income

4

Outstanding income

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