Unearned revenues are classified as assets on the statement of financial position.
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Q7: An increase in an asset is recorded
Q7: The double-entry system of accounting refers to
Q19: Under the double-entry system revenues must always
Q27: The chart of accounts is a special
Q36: A simple journal entry affects two or
Q38: The account to be credited is entered
Q39: Entering transactions into the journal is called
Q44: If total liabilities increased by $15,000, then
A)assets
Q46: Shareholders' equity is increased by
A)dividends.
B)revenues.
C)expenses
D)liabilities.
Q58: If an individual asset is increased, then
A)there
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