Examlex

Solved

What Would Be an Appropriate Account Number for Unearned Revenues

question 6

Multiple Choice

What would be an appropriate account number for Unearned Revenues?


Definitions:

Breach of Condition

A failure to meet a critical term or condition of a contract, which may entitle the injured party to terminate the agreement.

Contract Law

A body of law regulating the agreements entered into between two or more parties that are enforceable by law.

Condition Subsequent

A future event or circumstance that, upon occurring, will terminate obligations under a contract or legal agreement.

Obligations Cessation

Refers to the termination or discontinuation of legal duties or responsibilities, which can occur due to various reasons including the fulfillment, release, or expiration of the obligation.

Related Questions