An Asset Account Is Debited When Unearned Revenue Is Recorded

question 87

True/False

An asset account is debited when unearned revenue is recorded initially as a revenue.

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Definitions:

Forgery

The act of fraudulently making or altering a document with the intent to deceive or harm others.

Passing Bad Checks

In criminal law, issuing or transferring a check or other negotiable instrument knowing it will be dishonored and with the intent to defraud.

Defrauding Creditors

The act of intentionally deceiving or hiding assets from creditors to avoid repayment of debts.

Falsified

Deliberately altered or misrepresented information to deceive or mislead.