Match the Type of Account (A Through E) with the Business

question 162

Multiple Choice

Match the type of account (a through e) with the business transactions that follow.
-Electric bill to be paid next month.

• A)Prepaid expense
• B)Accrued expense
• C)Unearned revenue
• D)Accrued revenue
• E)None of these choices

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Definitions:

Yakuza

An organized crime syndicate originating in Japan, known for its strict codes of conduct and hierarchical structure.

Organized Crime

Structured groups engaged in illegal activities, such as drug trafficking, theft, and extortion, often with a hierarchical system of leadership.

Amateur Robbery

Unsophisticated or inexperienced criminal activities aimed at unlawfully obtaining goods, money, or other assets.

Professional Robbery

Robbery conducted by individuals who are skilled and methodical, treating the act as a profession rather than opportunistic crime.