What Type of Account Is Prepaid Rent and What Is

question 35

Essay

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

• A) Expense and debit
• B) Liability and credit
• C) Revenue and credit
• D) Asset and debit

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Definitions:

HR Supply Model

This model forecasts the supply of human resources available within an organization to meet its strategic needs.

Matrices

Tools or frameworks composed of rows and columns that are used to organize data, information, or to facilitate decision-making processes in various contexts.

Hard Cost

Expenses directly related to the physical construction of a project or the production of goods, easily identifiable and quantifiable.

Replacing Workers

The process of finding and integrating new employees to fill vacancies created by departing staff.