Unearned Revenue Is A(n)

question 34

Multiple Choice

Unearned revenue is a(n) :

• A) asset account.
• B) liability account.
• C) revenue account.
• D) expense account.

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Definitions:

Time And A Half

A rate of pay that is 1.5 times the employee's standard hourly wage, typically awarded for overtime hours worked.

Normal Wage

The standard or average amount of pay that workers receive for their labor in a specific job or industry.

Petty Cash Fund

Cash kept on hand in the office for small purchases.

Office Furniture

Items of furniture designed for use in a workplace environment, including desks, chairs, and file cabinets.