1.1.6 Accounting MCQ 4 MARKS Which of the following is an example of an accruedexpense?a) Prepaid Insuranceb) Unearned Revenuec) Wages Payabled) Accounts ReceivableAnswer: c) Wages Payable

Explanation of Prepaid Insurance:Prepaid Insurance is a payment made in advance for insurance…

Answered: Which of the following is an example of…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 16MC: Which of these accounts is a liability? A. Accounts Receivable B. Supplies C. Salaries Expense D....

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Which of the following is an example of an accrued expense? a) Prepaid Insurance b) Unearned Revenue c) Wages Payable d) Accounts Receivable Answer: c) Wages Payable