Accountancy, asked by tanisha2005mittal, 7 months ago

in which basis of accounting outstanding expenses,prepaid expenses,accured income and income received in advance are adjusted???

Answers

Answered by kavin5729

1

Answer:

Tanisha follow me

Explanation:

Prepaid Expenses, Accrued Income and Income Received in Advanced. As we know that accounting is done on the basis of the Accrual concept

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