Which of the following accounts is a liability? a. Accounts Receivable b. Service Revenue c. Unearned Revenue d. Prepaid Rent Expense
Added by Martin F.
Step 1
Step 1: Accounts Receivable is a current asset, not a liability. Show more…
Show all steps
Your feedback will help us improve your experience
Dr. C D and 92 other Principles of Accounting educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Recommended Videos
Which of the following accounts is considered a prepaid expense? Utility expense Wages expense Supplies Accounts payable
Madhur L.
'Which of the following is an asset account? 0 A Unearned Revenue 0 B. Notes Payable 0 c. Accounts Receivable 0 D. Wages Payable'
Jennifer S.
Which of these accounts would be present in the closing entries? A. Dividends B. Accounts Receivable C. Unearned Service Revenue D. Sales Tax Payable
Completing the Accounting Cycle
Describe and Prepare Closing Entries for a Business
Recommended Textbooks
Horngren’s Cost Accounting
Cost Accounting A Managerial Emphasis
Principles of Accounting Volume 1: Financial Accounting
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD