What type of account is Unearned Revenue (asset, liability, stockholders' equity, revenue, or expense) and what is its normal balance, respectively?A.asset, debitB.expense, debitC.liability, creditD.revenue, credit 相关知识点: 试题来源: 解析 C.liability, credit 1. **未实现收入的本质**:未...
What is the purpose of the Income Summary account? What type of accounts normally have debit balances and credit balances? What are the two primary interrelationships between the balance sheet and the income statement? What type of account is prepaid expense?
百度试题 结果1 题目What type of account is Unearned Revenue (asset, liability, stockholders’ equity, revenue, or expense) and what is its normal balance, respectively?相关知识点: 试题来源: 解析 Liability, credit 反馈 收藏
What type of account is a "sales discount"? a. Liability b. Expense c. Contra-revenue d. Contra-asset Sales: When recording sales data into the accounting system an account must check to see if any sales discounts were given out. A merchandising compa...
In simple terms, cost of goods sold (also called cost of sales), or COGS, is the cost of a product to its seller. Elaborating a bit more, cost of goods sold is the cost (borne by the seller) of procuring, producing, or manufacturing products that are sol
Expense analysis uses the company's income statement to determine how and where the company is spending its money. Let’s check what is expense analysis & how to analyze business account.
Prepaid insurance is considered a business asset, and is listed as an asset account on the left side of the balance sheet. The payment of the insurance expense is similar to money in the bank, and the money will be withdrawn from the account as the insurance is "used up" each month or...
So let’s dive into how to do expense analysis as a little health check for your business account. Here’s What We’ll Cover: What Is Expense Analysis? Types of expenses to track How to Analyze Your Business Expenses Step-by-Step
What is a contra expense account? What is a fixed expense? What is a variable expense? Is the reversal of a previous year's accrued expense permanent? Related In-Depth Explanations Accounting Basics Bookkeeping Income Statement Mark the Question as Read Advance...
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