The Type of Account and Normal Balance of Unearned Consulting

question 151

Multiple Choice

The type of account and normal balance of Unearned Consulting Fees would be

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

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Definitions:

Retail Store

A physical or digital establishment that sells goods directly to the public for personal or household consumption.

Single Distribution Network

A centralized distribution method where all products are delivered from a single facility or warehouse to all consumers or retailers.

Niche Companies

Businesses that target and serve a specific segment of the market, often focusing on unique needs and preferences.

Local Storage

Refers to the retention of data directly on a client's device, such as a computer or smartphone, allowing for quicker access and reduced dependency on internet connectivity.