The income which has been earned during the current accounting year but .not received till the end of that accounting year is called as _____

(a)

Outstanding expenses

(b)

Prepaid expenses

(c)

accrued income

(d)

Received income

______ is treated asbusiness expense.

(a)

Interest on capital

(b)

Interest on drawings

(c)

Both 'a' and 'b"

(d)

None of these

______ is provided because the proprietor is separate from the business.

(a)

Capital

(b)

Drawing

(c)

Income

(d)

Interest

The decrease in value of fixed assets due to usage or passage of time is called ______

(a)

Depreciation

(b)

Expenses

(c)

Incomes

(d)

Miscellaneous

_______ is a loss for the business and should be adjusted against profit.

(a)

Interest on Capital

(b)

Depreciation

(c)

Debtors

(d)

Bad debts