What do you mean by pre-received income?

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What do you mean by pre-received income?

asked Jan 20, 2022 by anonymous

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What do you mean by pre-received income?

answered Jan 20, 2022 by anonymous
selected Jan 20, 2022 by anonymous

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Pre-received income is shown on ___________ side of Balance sheet.

Description : Pre-received income is shown on ___________ side of Balance sheet.

Last Answer : Pre-received income is shown on ___________ side of Balance sheet. (a) Assets (b) Liabilities (c) Credit (d) Debit

Operational audit differs in many ways from an audit of financial statements. Which of the following is the best example of one othese differences? a. The usual audit of the financial statement covers four basic statements, whereas operational audit is usually limited either the statement of financial position or the income statement. b. Operational audit do not necessarily result in the preparation of a report. c. The operational audit deals with pre-tax income. d. The boundaries of an operational audit are often drawn from an organization chart and are not limited to a single accounting period.f

Description : Operational audit differs in many ways from an audit of financial statements. Which of the following is the best example of one of these differences? a. The usual audit of the financial statement ... audit are often drawn from an organization chart and are not limited to a single accounting period.

Last Answer : The boundaries of an operational audit are often drawn from an organization chart and are not limited to a single accounting period.

Define the term ‘Trade Surplus’. How was the income received from trade surplus with India used by Britain? -SST 10th

Description : Define the term ‘Trade Surplus’. How was the income received from trade surplus with India used by Britain? -SST 10th

Last Answer : When the value of exports is higher than value of imports, it is called as Trade Surplus'. (ii) Britain used this surplus to balance its trade deficits with other countries - that is. ... officials and traders, interest payments on India's external debt, and pensions of British officials in India.

How was the income received from trade surplus with India used by Britain ? -SST 10th

Description : How was the income received from trade surplus with India used by Britain ? -SST 10th

Last Answer : Britain’s trade surplus in India also helped to pay the so-called ‘home charges’ that included private remittances home by British officials and traders, interest payments on India’s external debt and pensions of British officials in India.

How was the income received from trade surplus with India used by Britain ? -SST 10th

Description : How was the income received from trade surplus with India used by Britain ? -SST 10th

Last Answer : Britain’s trade surplus in India also helped to pay the so-called ‘home charges’ that included private remittances home by British officials and traders, interest payments on India’s external debt and pensions of British officials in India.

Define the term ‘trade surplus’. How was the income received from trade surplus with India used by Britain? -SST 10th

Description : Define the term ‘trade surplus’. How was the income received from trade surplus with India used by Britain? -SST 10th

Last Answer : Over the 19th century, British manufactures flooded the Indian market. Food grain and raw material exports from India to Britain increased. But the value of British exports to India was much ... and traders, interest payments on India's external debt and pensions of British officials in India.

Income received in advance is a liability.

Description : Income received in advance is a liability.

Last Answer : State True or False with reason : Income received in advance is a liability.

If factor income received from abroad is equal to factor income paid abroad , then which of the following is not a valid statement ?

Description : If factor income received from abroad is equal to factor income paid abroad , then which of the following is not a valid statement ?

Last Answer : If factor income received from abroad is equal to factor income paid abroad , then which of the following ... = `GNP_(MP)` D. All are valid

Income and expenses for the year 2012 are– Fee Received in Cash – Rs.24,000 Accrued Fee – Rs.6,000 Rent for Chamber Paid – Rs.6,000 Outstanding Rent – Rs.2,000 Salary Paid to Staff – Rs.6,000 Miscellaneous Expenses Paid – Rs.200 Salary paid in advance to staff included in the above : Rs. 1,000. What is the income under accrual basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (D) Rs. 30,000

Description : Income and expenses for the year 2012 are- Fee Received in Cash - Rs.24,000 Accrued Fee - Rs.6,000 Rent for Chamber Paid - Rs.6,000 Outstanding Rent - Rs.2,000 Salary Paid to Staff - Rs.6,000 Miscellaneous Expenses Paid - Rs. ... basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (D) Rs. 30,000

Last Answer : Answer: Rs. 13,200

Donations received for the special purpose will be taken to the– (A) Income and Expenditure Account (B) Assets side of the Balance Sheet (C) Liabilities side of the Balance Sheet (D) Receipts and Payments Account

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The sum total of incomes received for the services of labour, land or capital in a country is called (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

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Last Answer : (3) Gross domestic income Explanation: The Gross Domestic Income (GDI) is the total in-come received by all sectors of an economy within a nation. It includes the sum of all wages, profits, ... services), the gross domestic income of a count should exactly equal its gross domestic product (GDP).

Transfer payments include : (1) Gifts received from a friend (2) rent free accommodation by the employer (3) net factor income from abroad (4) Employee's contribution to social security

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Last Answer : (4) Employee's contribution to social security Explanation: A transfer payment is a oneway payment of money for which no money, good, or service is received in exchange. Governments ... payments include welfare (financial aid), social security, and government making subsidies for certain businesses

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What do you mean by pre-received income?

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