Accountancy, asked by snehdip2004, 1 month ago

income received is an asset (true or false)

Answers

Answered by Cooky26

8

Answer:

True.

Explanation:

hope it helps you! (. ❛ ᴗ ❛.)

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Answered by SmartyBaby

5

Yes, income received in advance is recorded in the balance sheet. It is recorded on the liability side of the balance sheet. 3.

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