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The amount earned but is yet to be received at the end of the financial...

Book Keeping
WAEC 2024

The amount earned but is yet to be received at the end of the financial period is 

  • A. prepaid revenue
  • B. prepaid expenses
  • C. accrued income
  • D. accrued expenses
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Correct Answer: Option C
Explanation

Accrued income is income due but not yet paid

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now