Match the type of account (a through e) with the business transactions that follow.
-A contract to provide tutoring services beginning next month was signed.
A)Prepaid expense
B)Accrued expense
C)Unearned revenue
D)Accrued revenue
E)None of these choices

Question

Quizplus · Accepted Answer

The transaction is a contract for future services and does not involve any immediate financial transaction or recognition of revenue or expense.

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