MCQOPTIONS
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| 1. |
Choose the true statement— |
| A. | Accrued income represent income unearned but realized in cash |
| B. | Accrued income represent income earned but not realized in cash |
| C. | Accrued income A/c is shown on the liability side ; |
| D. | No tax is payable on accrued income |
| Answer» C. Accrued income A/c is shown on the liability side ; | |