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Question 3 1. It is now the end of the 2023 financial year ( 30 June 2023) and Sandy Shore has asked you to assist

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Question 3 1. It is now the end of the 2023 financial year ( 30 June 2023) and Sandy Shore has asked you to assist her with the following queries. For each of the following transactions below you need to indicate if it is a (CHOOSE ONLY ONE): a) Accrued Income b) Income Received in Advance c) Accrued Expense d) Prepaid Expense e) Depreciation 2. Explain how this transaction will be treated in the Income Statement and Statement of Financial Position for the year ended 30 June 2023

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