State the meaning of: (a) Outstanding expenses (b) Prepaid expenses (c) Income received in advance (d) Accrued

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State the meaning of:

(a) Outstanding expenses

(b) Prepaid expenses

(c) Income received in advance

(d) Accrued income

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Accountancy Financial Accounting Part 2 For Class 11

ISBN: 9788174505323

1st Edition

Authors: NCERT

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Question Posted: Feb 16, 2024 12:00 PM

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State the meaning of: (a) Outstanding expenses (b) Prepaid expenses (c) Income received in advance (d) Accrued

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a Outstanding expenses Outstanding expenses refer to expenses that have been incurred by a business ...View the full answer

Accountancy Financial Accounting Part 2 For Class 11

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