The Type of Account and Normal Balance of Unearned Rent

question 155

Multiple Choice

The type of account and normal balance of Unearned Rent is

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

---

Definitions:

Holder

A person or entity that possesses a negotiable instrument, such as a check or bond, and has the legal right to enforce it.

Gift

A voluntary transfer of property or funds without receiving anything in return or expectation of return.

Negotiable Instrument

A written promise or order to pay a specific amount of money that can be transferred to another party under certain conditions.

Misspelled Name

An error in the way a person's name is spelled on a document or in a database, which can lead to issues or confusion.