Question

fees not received is not treated as income in case of chartered accountants because of
a) concept of objectivity
b) realisation
c) cost concept
d) all of the above​

Answer 1

Answer:

(d) all the above..

Explanation:

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Answer 2

Answer:

Explanation:

Concept: The term “income” generally refers to the amount of money, property, and other transfers of value received over a set period of time by individuals or entities as compensation for services, payment for products, returns on investments, pension distributions, gifts, and myriad other transfer of value.

Given: The given four options are

a) concept of objectivity

b) realisation

c) cost concept

d) all of the above​

Find: We want to find out  why fees not received is not treated as income in case of chartered accountants.

Solution: Charges not got isn't treated as pay if there should arise an occurrence of contracted bookkeepers on account of all of the abovementioned. The bookkeeping data ought to be free. It ought to be plan keeping with or without the inclination. Bookkeeper ought to record the exchanges based on proof not based on their perspective.So,option B  'Realisation' iscorrect.