Download App

Final Accounts of a Proprietary Concern — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyFinal Accounts of a Proprietary Concern1 Mark
Question
What do you mean by pre-received income?
✓

Answer

Income that is received before it is due for receipt is called pre-received income.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer in One Sentence" from Final Accounts of a Proprietary Concern→Final Accounts of a Proprietary Concern — all question types→Book Keeping & Accountancy STD 11 Commerce / Arts question papers→Maharashtra Board STD 11 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

Which account is credited when depreciation is charged?
→
Why does a cash account never shows a credit balance?
→
What are compensating errors?
→
Which method of depreciation would you suggest for depreciating a five years lease?
→
Which sales are recorded in Sales Book?
→
How is closing capital calculated under a single entry system?
→
Why is a journal called the book of prime entry?
→
What do you mean by Profit and Loss Account?
→
Give two examples of income and gains.
→
What is Book-keeping?
→