Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 9 - No. 36)
Which of the following is (are) examples of accrued income?
Interest earned on a savings account.
Rent received in advance.
Fees earned for services rendered but not yet billed.
Prepaid insurance premiums.
Explanation
Accrued income is earned but not yet received.
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