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Income received in advance is shown on which side of the Balance Sheet?a)Asset sideb)Liability sidec)Neither, it's shown in the Profit and Loss Accountd)Both sides, as it affects both assets and liabilitiesCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Income received in advance is shown on which side of the Balance Sheet?a)Asset sideb)Liability sidec)Neither, it's shown in the Profit and Loss Accountd)Both sides, as it affects both assets and liabilitiesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Income received in advance is shown on which side of the Balance Sheet?a)Asset sideb)Liability sidec)Neither, it's shown in the Profit and Loss Accountd)Both sides, as it affects both assets and liabilitiesCorrect answer is option 'B'. Can you explain this answer?.

Solutions for Income received in advance is shown on which side of the Balance Sheet?a)Asset sideb)Liability sidec)Neither, it's shown in the Profit and Loss Accountd)Both sides, as it affects both assets and liabilitiesCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

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