What do you call the amount of monetary or other returns, either earned or unearned, accrued over a period of time?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. Income.
- The amount of money or other returns that are earned or unearned and accumulate over time is the income amount.
- Income is the money that an individual or organisation receives in exchange for labouring, delivering a good or service, or putting money into a business.