Question
In January 2020, a customer paid 1000 AED for an air ticket from Abu Dhabi to London on Etihad airways. The customer performed the trip
In January 2020, a customer paid 1000 AED for an air ticket from Abu Dhabi to London on Etihad airways. The customer performed the trip on 25th April, 2020. Which of the following is true after 25th April, 2020?
A. Etihad need to record the money as revenue
B. Etihad needs to credit unearned revenue account
C. The money is unearned revenue
D. The money still belongs to the custome
In January 2020, a customer paid 1000 AED for an air ticket from Abu Dhabi to London on Etihad airways. The customer performed the trip on 25th April, 2020. Which of the following is true after 25th April, 2020?
| A. | Etihad need to record the money as revenue | |
| B. | Etihad needs to credit unearned revenue account | |
| C. | The money is unearned revenue | |
| D. | The money still belongs to the custome |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting
Authors: LibbyShort
7th Edition
78111021, 978-0078111020
