The Type of Account and Normal Balance of Prepaid Insurance

question 105

Multiple Choice

The type of account and normal balance of Prepaid Insurance would be

• A) asset, credit
• B) asset, debit
• C) contra asset, credit
• D) contra asset, debit

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Definitions:

Genital

Relating to the external and internal organs of reproduction, often becomes a primary focus during puberty according to Freudian psychology.

Neo-Freudians

Followers of Freud who developed their own competing psychodynamic theories.

Strict Interpretation

Adhering closely to a specific set of rules or guidelines without allowance for flexibility in their application.

Freud's Theory

A comprehensive theory of human psychology developed by Sigmund Freud, emphasizing unconscious processes and the importance of childhood experiences.