Unearned Revenue Is a ________ Account and Carries a ________

question 31

Multiple Choice

Unearned Revenue is a ________ account and carries a ________ normal balance.

• A)liability; credit
• B)asset; credit
• C)revenue; debit
• D)asset; debit

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Definitions:

Task Completion

The act of finishing a specific duty or assignment that has been started.

Product

An item created through a process and offered for sale to meet a need or want, encompassing both physical goods and services.

Concierge Testing

A personalized approach to testing a product or service with select customers to gain detailed feedback and insights.

Technology

The application of scientific knowledge for practical purposes, especially in industry and in everyday items.