Subjective Questions on State the meaning of 3 marks a Outstanding expenses b Prepaid expenses c Income recei........... for Commerce ( 11 and 12th) Preparation

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Subjective Questions

State the meaning of 3 marks a Outstanding expenses b Prepaid expenses c Income recei...........

Accountancy (11th) Chapter-10 Financial Statements-2
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    State the meaning of:     (3 marks)

    (a) Outstanding expenses

    (b) Prepaid expenses

    (c) Income received in advance

    (d) Accrued income

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