Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

Which statement gives the correct accounting treatment of accrued income?

  • Aadded to income and shown as a current asset
  • Badded to income and shown as a current liability
  • Cdeducted from income and shown as a current asset
  • Ddeducted from income and shown as a current liability

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