Accounting Capital Premium > Quiz -Accrued Income – MCQ

Quiz -Accrued Income – MCQ

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  • Time Limit: Unlimited
  • Level: Easy to Medium
  • Question Type: MCQs
  • Passing Score: 90%
  • No. of Questions: 13
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Accrued income relates to a future accounting period.

‘Accrued Income A/C’ is _____ to post the journal entry for accrued income.

Accrued income is a _____ account.

Rent received in advance is accrued income for your business.

Commission earned but not received is an example of accrued income.

Interest accumulated on investment is accrued income for your business.

Accrued income is also called _____.

Although such income is not in hand, it is to be recorded in the books.

Accrued income is recorded in _____.

Accrued income is treated as _____.

The meaning of the word ‘Accrued’ is _____.

Accrued income is recorded in the _____ period when it is due.

Accrued income is _____ but not received.

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