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Payment received in advance for services is a/an a. prepaid expense b. accrued revenue c. unearned revenue d. accrued expense Paying three months of rent in advance is an example of a/an a. prepaid expense
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Payment received in advance for services is a/an

a. prepaid expense
b. accrued revenue
c. unearned revenue
d. accrued expense

Paying three months of rent in advance is an
example of a/an
a. prepaid expense
b. accrued revenue
c. unearned revenue
d. accrued expense

User Karim Samir
by
4.6k points

1 Answer

5 votes
1 - unearned revenue
2 - prepaid expense
User Mshameers
by
3.9k points
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