QUESTION 32 V Indicate whether each of the following accounts is a revenue, expense, current liability, or current asset. supplies on hand A. Current asset Unearned fees B. current liability advertising expense C expense supplies used up D revenue Prepaid Insurance M accounts payable Fees earned wages payable QUESTION 33 QUESTION 28 When business count their inventory on a daily basis they are using what inventory system? perpetual a b.physical C retail d. periodic