Why does a trader account for accrued income?
Aso that current liabilities are not overstated
Bso that current liabilities are not understated
C so that profit is not overstated
D so that profit is not understated
Answer:D
Why does a trader account for accrued income?
Aso that current liabilities are not overstated Bso that current liabilities are not understated C so that profit is not overstated D so that profit is not understated