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Income received in advance is treated in the balance sheet as a
Classroom
Accounts - Principles of Accounts Classroom
Waec
Waec 2020
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Income received in advance is treated in the balance sheet as a
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Current liability
B
Current asset
C
Long-term liability
D
Fixed asset
Show Answer
Show Explanation
Correct Answer:
Option A
Explanation:
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Accounts - Principles of Accounts
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