Accounting Mcqs
Accounting Mcqs,

Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. accounting mcqs for accountant. These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and for Cost Accountant.

Principles of Accounting, Accounting Equation, Analyzing & Classifying Transaction, Journal, Ledger, Banking Transactions, Cash book and Bank Reconciliation Statement, Bill of Exchange, Capital & Revenue, Rectification of Errors, Final Accounts, Adjustments.

Principles of Accounting

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3 Comments to “Income earned but not received is called ____________?”
  1. Income earned but not yet received is called accrued income. Kindly make changes in it.

    Regards
    Ishfaq

    1. Outstanding assets are those asseets over which the company has no immediate claim but which are recovverable at a later date of which cannot be converted into cash immediately. A few examples. Income Receivable. Prepaid Expenses.

    2. if you can see the multiple choices. it will be clear to you that this question is about assets. your answer is also correct.

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