The Account Type and Normal Balance of Unearned Revenue Is

question 156

Multiple Choice

The account type and normal balance of Unearned Revenue is

• A) revenue, credit
• B) expense, debit
• C) liability, credit
• D) asset, debit

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Definitions:

Operating Activities

Activities directly related to a company's core business operations, including income-earning endeavors and other functions central to its purpose.

Statement Of Cash Flows

A financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company, showing how it raises and spends cash.

Cash Received

The actual inflow of cash into a business from various sources such as sales, financing, or investment activities.

Interest

The cost of borrowing money or the return on invested funds, usually expressed as an annual percentage rate.