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What Type of Account Is Unearned Revenue and What Is

question 52

Essay

What type of account is Unearned revenue and what is its normal balance?
A) Liability and credit
B) Asset and credit
C) Revenue and debit
D) Asset and debit


Definitions:

Method of Induction

A logical process in which multiple premises, gathered through observations, are combined to obtain a general conclusion.

Restrictive Techniques

Methods or strategies used to limit certain behaviors, activities, or engagement in specific contexts.

Authoritative

A child-rearing style in which parents are restrictive and demanding yet communicative and warm.

Permissive-indulgent

A parenting style characterized by high responsiveness and low demands, where parents are highly involved with their children but place few rules and demands.

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