A Customer's Promise to Pay in the Future for Services

question 94

Multiple Choice

A customer's promise to pay in the future for services or goods sold is called a(n) ________.

• A) Accounts Receivable
• B) Accounts Payable
• C) Unearned Revenue
• D) Notes Payable

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Definitions:

Balanced Budgets

Financial planning or policy where total revenues are equal to or greater than total expenses within a specific period, preventing deficits.

Feminism

A socio-political movement aiming for the equality of the sexes, especially in terms of rights and opportunities.

New Deal

In response to the Great Depression, President Franklin D. Roosevelt launched a comprehensive program of financial reforms, regulations, and public works in the United States during the 1930s.

Organized Feminism

A movement aimed at defining, establishing, and defending equal political, economic, and social rights and equal opportunities for women.