Which of the Following Accounts Would Appear in the Balance

question 36

Multiple Choice

Which of the following accounts would appear in the balance sheet debit column?

• A)Accumulated depreciation
• B)Service revenue
• C)Unearned service revenue
• D)Prepaid insurance

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Definitions:

Injunction

A court order that prohibits certain activities.

Court Order

A legal document issued by a court that requires a person or entity to either do or not do a particular action.

Partnerships

Collaborative arrangements where two or more people co-manage a business and share its financial outcomes, emphasizing the joint effort in business ventures.

Private Corporations

Companies owned by private individuals or entities, not traded publicly on stock exchanges, and not owned by government entities.