Accountıng I Deneme Sınavı Sorusu #1313613

Which one of following describes an advance from a costumer?


Accrued Liabilities

Unearned Revenue

Prepaid Expenses

Notes Receivable

Accounts Receivable


Yanıt Açıklaması:

Companies might pay certain expenses in advance, such as insurance and rent. A prepaid expense is considered as an asset because the prepayment provides a future benefit for the business. Prepaid Rent, Prepaid Insurance, and Supplies are examples of prepaid expenses.

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