WAEC Book Keeping 2024 Objective — Question 13
Question 13 of 40 from the West African Examinations Council (WAEC) Book Keeping 2024 Objective paper, with the correct answer and a full explanation.
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13. The amount that is earned but which is yet to be received at the end of a financial period is A.
- A. prepaid revenue.
- B. prepaid expenses.
- C. accrued income.Correct
- D. accrued expenses.
Explanation
Accrued income is income due but not yet paid.
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