Which of the Following Describes the Classification and Normal Balance

question 70

Multiple Choice

Which of the following describes the classification and normal balance of the Unearned Rent Revenue account?

• A)Asset, debit
• B)Liability, credit
• C)Revenues, credit
• D)Expense, debit

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Definitions:

Admired

Regarded with respect or warm approval due to qualities such as achievements, personality, or contributions to society.

Culture

A collection of common beliefs, objectives, traditions, and behaviors that defines a company, society, or team.

Top Management

The highest level of managers in an organization, responsible for controlling and directing its overall operations.

Organization's Culture

The shared values, beliefs, norms, and practices that guide the behavior of people within an organization, shaping its social and psychological environment.