Accountıng I Deneme Sınavı Sorusu #1313601
Which of the following is a liability account?
Unearned revenue |
Expenses |
Owner’s Capital |
Prepaid expenses |
Notes receivable |
Yanıt Açıklaması:
Unearned Revenue (Advances from customers). The obligation occurs when a company receives cash from a customer in advance but has not provided the product or service. The company gives promise to provide services or deliver goods in the future.
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