Which of the following accounts is decreased by a debit entry?
A)unearned revenue
B)prepaid insurance
C)cash
D)insurance expense

Question

Quizplus · Accepted Answer

Unearned revenue is a liability account, and liabilities decrease with debit entries. When a company receives payment for services not yet performed, it records this as unearned revenue. Debiting this account decreases the liability, reflecting that the obligation to provide services is being fulfilled.

Which of the Following Accounts Is Decreased by a Debit