Question
Select the answer below which makes this statement true: Unearned revenue is a(n) (A) __________ account, and carries a normal (B) __________ balance. (A) revenue;
Select the answer below which makes this statement true: Unearned revenue is a(n) (A) __________ account, and carries a normal (B) __________ balance.
-
(A) revenue; (B) credit
-
(A) liability; (B) credit
-
(A) asset; (B) credit
-
(A) equity; (B) debit
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
The Practitioners Guide To Edp Auditing
Authors: Jack Mullen
1st Edition
0136912621, 978-0136912620
