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

question 155

Multiple Choice

Match the type of account (a through e) with the business transactions that follow.
-Received payment covering a six-month magazine subscription.

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

---

Definitions:

Commercial Basis

The foundation or terms under which commercial activities are conducted, often involving considerations of cost, profit, and scalability.

Economically Successful

describes entities, such as businesses or countries, that achieve a high level of financial growth, stability, and wealth creation over time.

Slash And Burn

An agricultural method that involves the cutting and burning of plants in a forest or woodland to create a field called a swidden.

Sustainable Agriculture

Farming practices that meet current food needs without compromising the ability of future generations to meet theirs, emphasizing environmental health, economic profitability, and social equity.