12-Due to the concept of periodicity, interest, rent, etc. collected in the current period but concerning the future period. In which account are some incomes, such as, temporarily monitored? a)380 Revenues for Future Months Hs. B)181 Income Accruals Hs. NS)642 Interest Income Hs. D)649 Other Ordinary Income and Profits Hs. TO)647 Rediscount Interest Income Hs

Income temporarily monitored are cash received in respect of certain income not actually accrued.

Answered: account are some incomes, such as,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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12-

Due to the concept of periodicity, interest, rent, etc. collected in the current period but concerning the future period. In which account are some incomes, such as, temporarily monitored?

a)	380 Revenues for Future Months Hs.

B)	181 Income Accruals Hs.

NS)	642 Interest Income Hs.

D)	649 Other Ordinary Income and Profits Hs.

TO)	647 Rediscount Interest Income Hs

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