Entry of Accrued and unearned income ?
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Answer / kishore berty
Income a/c Dr
To Deferred Income Cr
(Being the part of unearned income transferred to deferred
income which is a liability until it is earned)
Is This Answer Correct ? | 7 Yes | 1 No |
Expand-------NSAC
Expand F I E
expand--------DRS
AS 2 deals with
Expand C I F
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
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