What type of account is Prepaid rent and what is its normal balance?
A) Revenue and credit
B) Asset and debit
C) Liability and credit
D) Expense and debit
Correct Answer:
Verified
Q91: What type of account is Unearned revenue
Q92: The accountant for Duman Legal Services failed
Q93: A company received $5 000 for 100
Q94: Hank's Tax Planning Service bought communications equipment
Q95: The accountant for Wilson Consulting Company failed
Q97: Hank's Tax Planning Service has a beginning
Q98: The accountant for Barnes Architectural Services failed
Q99: Pattie's Event Planning Service has just prepared
Q100: The accountant for Hobson Electrical Repair Company
Q101: Pattie's Event Planning Service has just prepared
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents