Examlex
Synthetic detergent dispersed in water is an example of a(n)
Prepaid Insurance
Prepaid insurance is the portion of insurance premiums that has been paid in advance for coverage over future periods, and is classified as a current asset on the balance sheet.
Unearned Revenue
Money received by a business for services or products yet to be delivered or provided; considered a liability until the service or product is delivered.
Utilities Expense
The cost incurred by a business for the consumption of utilities services like electricity, gas, water, and sewage.
Accounts Payable
Liability accounts representing the amounts owed by a company to its suppliers or creditors for goods and services received.
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