Match the Type of Account (A Through E) with the Business

question 192

Multiple Choice

Match the type of account (a through e) with the business transactions that follow.
-Paid six months of rental payments to the landlord.

• A)Prepaid expense
• B)Accrued expense
• C)Unearned revenue
• D)Accrued revenue
• E)None of these choices

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Definitions:

Span Of Control

The number of employees supervised by a manager.

Supervised

Being under the oversight or direction of someone more experienced or in a position of authority.

Hierarchical

Organized in a system of levels with higher ranks or classes having authority over lower ones.

Organic Structures

Flexible and adaptive organizational forms that emphasize decentralized decision-making and a high degree of informal communication.