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

question 143

Multiple Choice

Match the type of account (a through e) with the business transactions that follow.
-Annual depreciation on equipment, recorded on a monthly basis.

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

---

Definitions:

Self-control

The capacity to control our feelings, thoughts, and actions when confronted with challenges and spontaneous desires.

Contrast Assumption

The assumption that objects have only one label. Also known as the mutual exclusivity assumption (if a word means one thing, then it cannot mean another).

One Label

The concept of using a single term or classification to describe or identify something, often simplifying complex attributes.

Cognitive Sophistication

The advanced level of cognitive development characterized by complex thinking processes, such as abstract reasoning and problem-solving capabilities.