Question
Assume that you prepay Fun Facts Magazine for a package of seven magazines a month for six months. Which type of account should you have
Assume that you prepay Fun Facts Magazine for a package of seven magazines a month for six months. Which type of account should you have in your accounting records?
A. Accrued Revenue
B. Accrued Expense
C. Deferred Revenue
D. Deferred Expense
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Accounting Essentials For Hospitality Managers
Authors: Chris Guilding
3rd Edition
0415841097, 978-0415841092
