Question

_________ and ________ are ledger accounts that can be created under group direct income.

a. Rent received b. interest received c. Sales d. professional fees e. purchases​

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

a. Rent received and b. interest received are ledger accounts that can be created under group direct income.

Explanation:

The correct options for the ledger accounts that can be created under group direct income are a) Rent received and b) Interest received.

Rent received is the income earned by a business or individual by renting out a property, such as a building or land. It is a type of direct income that is recorded in the books of accounts under the group direct income.

Interest received is the income earned by a business or individual on the amount of money they have lent out to someone else. It is also a type of direct income that is recorded in the books of accounts under the group direct income.

Sales and professional fees, on the other hand, are typically recorded under the group indirect income, which includes income that is earned from the normal business operations of a company but is not directly related to the sale of goods or services. Purchases are not an income account, but rather an expense account, and are recorded under the group indirect expenses.

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