Match the type of account (a through e) with the business transactions that follow.
-Provided tutoring for a student that will be invoiced next month.
A)Prepaid expense
B)Accrued expense
C)Unearned revenue
D)Accrued revenue
E)None of these choices

Question

Quizplus · Accepted Answer

Provided tutoring for a student that will be invoiced next month is an example of accrued revenue, as the service has been provided but payment has not yet been received.

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