Accountancy, asked by M5anasThakhushah, 1 year ago

Write short notes on (a) Outstanding expenses (b) Prepaid expenses (c) Income received in advance (d) Accrued income

Answers

Answered by Karthika1
0
outstanding expense- expense become due but not paid
prepaid expense - expense paid before the due date
accrued income - income become due but not received
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