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Page ZOOM 1. Prepaid Expense - Cash paid now for a future expense. What type of account is this? 2. Unearned Revenue - Cash
Page ZOOM 1. Prepaid Expense - Cash paid now for a future expense. What type of account is this? 2. Unearned Revenue - Cash received now for a future service that will be provided. What type of account is this? 3. Accrued Revenue - Revenue earned but not yet received in cash. What type of account is this? 4. Accrued Expense - Expense that has happened but has not yet been paid in cash. What type of account is this?
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