The Account Type and Normal Balance of Prepaid Expense Is

question 118

Multiple Choice

The account type and normal balance of Prepaid Expense is

• A) revenue, credit
• B) expense, debit
• C) liability, credit
• D) asset, debit

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Definitions:

Air Traffic Controllers

Professionals responsible for monitoring and directing the movement of aircraft on the ground and through controlled airspace.

Federal Aviation Administration

A United States government agency responsible for regulating all aspects of civil aviation in the U.S.

National Labor Relations Board

An independent U.S. federal agency established in 1935 that enforces U.S. labor law in relation to collective bargaining and unfair labor practices.

Reagan Doctrine

A strategy implemented by the U.S. during the presidency of Ronald Reagan, aimed at diminishing the influence of the Soviet Union globally by supporting anti-communist resistance movements.