The Account Type and Normal Balance of Unearned Revenue Is

question 156

Multiple Choice

The account type and normal balance of Unearned Revenue is

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

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Definitions:

Analyze Data

The process of inspecting, cleaning, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making.

Nonparametric Statistics

Statistical methods that do not rely on data belonging to any specific distribution.

Normally Distributed

Referring to a distribution that follows a normal curve, characterized by its bell shape and defined by its mean and standard deviation.

Ordinal Data

A type of categorical data in which the order or ranking of the values is significant, but the difference between those values is not necessarily consistent or defined.