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

---

Definitions:

Corn

A cereal plant that yields large kernels on a cob, used as food for humans and livestock and as a raw material in industry.

Factor Endowments

Refers to the quantity and quality of resources a country or region possesses, such as labor, land, and capital.

World Trade

The exchange of goods, services, and capital between countries and territories across the globe.

Different Sizes

A term denoting a variety in the scale or dimension of objects, entities, or quantities.