alleryStart learning →Investment interest of Rs 12,000 a year is received for nine months only. Accrued income at year end is
ARs 9,000
BRs 12,000
CRs 1,000
DRs 3,000
Answer & Solution
Correct answer: D. Rs 3,000
Three months of interest, 12,000 x 3/12 = Rs 3,000, is earned but not yet received.
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