What type of account is "Prepaid Rent"? A) LiabilityB) AssetC) EquityD) Expense
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What type of account is "Prepaid Rent"?
A) Liability
B) Asset
C) Equity
D) Expense
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- What type of account is “Accounts Receivable”?a) Assetb) Liabilityc) Equityd) RevenueWhat type of accounts are Interest Receivable and Fees Receivable? Asset Liability Equity Revenue ExpenseWhat kind of account is Unearned Revenue?a. Liability accountb. Asset accountc. Expense accountd. Revenue account
- What does it mean when you have a debit balance of accrued interest income? Does a Debit balance accrued interest inome a deduction in net income?Which of the following items represents a deferral?A. Prepaid insuranceB. Wages payableC. Fees earnedD. Accumulated depreciationAllowance for uncollectible account falls under what classification in a balance sheet? Current asset, current liability, etc
- Under which of the following categories would Accounts Receivable appear? A. long−term assets B. current assets C. long−term liabilities D. current liabilitiesThe practice of recording advance payments from customers as a liability is an example of applying the O Going concern assumption. O Monetary unit assumption. O Historical cost principle. Revenue recognition principle.Subject - Acounting
