MCQOPTIONS
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| 1. |
………………are the expenses paid on account of rent, rates and taxes, insurancepremiums, subscriptions membership fee etc. for periods that extent beyond the date of the balance sheet. |
| A. | prepaid expenses |
| B. | interest receivable |
| C. | deferred revenue expenditure |
| D. | outstanding expenses |
| Answer» B. interest receivable | |