Accounting Capital Premium > Quiz – Income Received in Advance – MCQ

Quiz – Income Received in Advance – MCQ

Automatic checking along with explanations for each question after completion. Important: you can re-attempt unlimited times only till the time you score 90% or more after which the quiz can not be re-attempted. You can always see y

You can prepare for this quiz from our article here Three Types of Accounts in Accounting

  • Time Limit: Unlimited
  • Level: Easy to Medium
  • Question Type: MCQs
  • Passing Score: 90%
  • No. of Questions: 13
Start Quiz

Subscription Received/Month = 100, Subscription Received = 120, Income Received in Advance = _____.

Income received in advance is income received but not earned.

Income received in advance is _____ respective income account. (Treatment in final accounts)

_____ account is credited to post the journal entry for income received in advance.

Commission received in advance is an example of income received in advance.

Insurance premium paid in advance is an example of income received in advance.

Rent received in advance is an example of income received in advance.

Income received in advance is also known as _____.

Income received in advance is treated as _____.

Income received in advance is shown in _____.

Income received in advance is a _____ account.

Income received in advance belongs to _____ accounting period.

What is the nature of unearned income?

answered 0/

Result

0%

Passing grade - 0%