What is another name for incomes received in advance?

Outstanding incomes

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Accrued incomes

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Unearned incomes

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None of these

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Solution

The correct option is C
Unearned incomes

Incomes received in advance are also called as unearned incomes.

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Similar questions

State the meaning of

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(a) Outstanding expenses

(b) Prepaid expenses

(d) Accrued income

Accrued Incomes are considered as ___

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