Question

what do you mean by pre-received income​

Answer 1

Sometimes earned revenue that belongs to a future accounting period is received in the current accounting period, such income is considered as income received in advance. It is also known as Unearned Income and is received before the related benefits are provided.

Answer 2

$<p</p><p>style="color:blue;font-family:cursive;background:</p><p>green;font-size:25px:">Sometimes earned revenue that belongs to a future accounting period is received in the current accounting period, such income is considered as income received in advance. It is also known as Unearned Income and is received before the related benefits are provided.$