A-LevelAccountingPreparation of financial statements9706/12 · May/June 2015 · Q11 Mark

Which statement contains the correct accounting treatment for accrued income?

Aadded to income and shown as a current asset

Badded to income and shown as a current liability

Cdeducted from income and shown as a current asset

Ddeducted from income and shown as a current liability

✓ Correct answer

A: added to income and shown as a current asset

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2015 Paper 1 Variant 2, question 1.

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