Question

1 point
Which of the following
statements is most appropriate
for Accrued income and
Advance income?
O (a) Former is liability, latter is asset
(b) Both are not shown under
accrual basis of accounting
O
(c) Former is asset, latter is a
liability
O
(d) Both are not shown under cash
basis of accounting​

Answer 1

Answer:

I think it answer will be

(b) both are not shown under accurate basis of accounting