=+Classify the following items as (1) prepaid expense, (2) unearned revenue, (3) accrued revenue, or (4) accrued
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=+Classify the following items as (1) prepaid expense, (2) unearned revenue, (3) accrued revenue, or (4) accrued expense.
a. Cash received for services not yet
c. Rent revenue earned but not rendered received
b. Insurance paid
d. Salaries owed but not yet paid
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Usman Nasir
I did Master of Commerce in year 2009 and completed ACCA (Association of Chartered Certified Accountants) in year 2013. I have 10 years of practical experience inclusive of teaching and industry. Currently i am working in a multinational company as finance manager and serving as part time teacher in a university. I have been doing tutoring via many sites. I am very strong at solving numerical / theoretical scenario-based questions.
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