Which of the Following Does NOT Appear in the Balance

question 45

Multiple Choice

Which of the following does NOT appear in the balance sheet?

• A) commission payable
• B) prepaid commission
• C) commission revenue received in advance
• D) commission revenue.

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Definitions:

News Release

A written statement issued to the media to announce something of interest, such as a new product, event, or piece of information.

Background Information

Essential context or facts needed to fully understand a topic or situation.

Good News

Information or a message that is positive, reassuring, or that brings joy or happiness.

Mood Swings

Rapid and intense changes in emotional state, which can be characteristic of certain psychological conditions.