Financial State...

The closing stock of the year becomes the ______ of the next year.

 Amount which has accrued but is still to be received.

 Amount of Rs. 1,000 is paid on July 01, 2017 towards insurance premium. Therefore, amount belonging to the year ending  March 31, 2018, will be ____.

All adjustments are reflected in the final accounts at ______  place to complete the double entry.

  The prepaid expense is shown on the _______ side of the balance sheet.

 Give effect of the following adjustment entry:
 The accrued rent is Rs. 1,900.  

Accrued income is also called  ________.

Amount earned during the current accounting year but have not been actually received by the end of the same year is known as ___________.

Income received in advance will be shown as ________.

In balance sheet, accrued income is shown under which head of assets _______________.