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Give the Word / Term Or Phrase Which Can Substitute the Following Statement. Income Which is Received before Its Due Date. - Book Keeping and Accountancy

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प्रश्न

Give the word / term or phrase which can substitute  the following statement.

Income which is received before its due date.

एक शब्द/वाक्यांश उत्तर

उत्तर

Pre-received or Unearned Income

Explanation:
Income which is received before its due date is known as pre-received or unearned income. It represents the income that is received in the current year but it is not related to the current year. Such amount is shown on the Liabilities side of the Balance Sheet.

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Adjustments - Income Receivable
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अध्याय 2: Partnership Final Accounts - Exercise 2 [पृष्ठ ६४]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 2 Partnership Final Accounts
Exercise 2 | Q 5 | पृष्ठ ६४
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