Match the type of account (a through e) with the business transactions that follow.
-Services provided that have not been recorded.
A)Prepaid expense
B)Accrued expense
C)Unearned revenue
D)Accrued revenue
E)None of these choices

Question

Quizplus · Accepted Answer

Services provided that have not been recorded are considered accrued revenue because the company has earned the revenue by providing the services, but it has not yet been recorded in the financial statements.

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