What Type of Account Is Prepaid Rent,and What Is Its

question 131

Multiple Choice

What type of account is Prepaid Rent,and what is its normal balance?

• A) It is an expense account and has a debit balance.
• B) It is a liability account and has a credit balance.
• C) It is a revenue account and has a credit balance.
• D) It is an asset account and has a debit balance.

Describe the role, function, and characteristics of colonial assemblies in the eighteenth century.

Explain the causes and consequences of the First Great Awakening and its impact on religion in America.

Understand the lives of slaves in Chesapeake tobacco plantations and the broader implications for American history.

Compare and contrast aspects of urban and rural life in 1700s colonial America.

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Definitions:

Resources

Assets, materials, or other assets that can be utilized to achieve goals or complete tasks.

Direct Costs

Expenses that are directly attributable to the production of goods or services, such as materials and labor.

IFB

An Invitation for Bid, a solicitation issued by organizations when they require contractors to bid on supplying goods or services.

Internal Proposals

internal proposals refer to suggestions or plans put forward within an organization, aimed at addressing internal issues or proposing new initiatives for improvement.