What Kind of Account Is Unearned Revenue

question 67

Multiple Choice

What kind of account is Unearned Revenue?

• A) Asset
• B) Liability
• C) Revenue
• D) Expense

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Definitions:

Self-efficacy

One's belief in their own ability to succeed in specific situations or accomplish a task.

Realistic Goal

A goal that is achievable and can be reasonably attained, taking into consideration current resources and constraints.

Self-confidence

Involves having trust in one's capability to tackle challenges, make decisions, and assert oneself effectively in various situations.

Actual Experience

Denotes direct, personal involvement or encounter with events or activities, as opposed to theoretical knowledge.