Personal Skills

National railway revolt in 1974 ?

Rajnish Rajput answered  •  2 days ago
1974 railway strike in India was a major strike by the workers of Indian Railways in 1974

Why outstanding expense, prepaid expenses, accrued income, unearned income not recorded in receipt and payment account?

Rajnish Rajput answered  •  2 days ago
Prepaid expenses aren't included in theincome statement per Generally Accepted Accounting Principles That is, expenses should be recorded when incurred. Thus, prepaid expensesaren't recognized on the incomestatement when paid, because they have yet to be incurred.

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