Prepaid Rent Is an Expense Account, and Hence It Appears

question 131

True/False

Prepaid rent is an expense account, and hence it appears on the income statement.

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Database Software

An electronic filing system best used for larger and more complicated groups of data that require more than one table and the ability to group, sort, and retrieve data and generate reports.

Microsoft Excel

A spreadsheet program developed by Microsoft, used for data organization, calculation, graphing tools, and pivot tables.

Personal Information Manager

Software that helps users organize personal data such as contacts, appointments, tasks, notes, and emails.