Match the type of account (a through e) with the business transactions that follow.
-Electric bill to be paid next month.
A)Prepaid expense
B)Accrued expense
C)Unearned revenue
D)Accrued revenue
E)None of these choices

Question

Quizplus · Accepted Answer

An electric bill that will be paid next month represents an expense that has been incurred but not yet paid, so it is an accrued expense.

Match the Type of Account (A Through E) with the Business