Accounting 0452 · IGCSE · Other payables and other receivables

Other payables and other receivables — practice question

At 31 December, Manjit was due commission. In Manjit’s statement of financial position at 31 December, in what way would this commission be recorded?

  • Aas accrued income in current assets
  • Bas accrued income in current liabilities
  • Cas prepaid income in current assets
  • Das prepaid income in current liabilities

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