Which of the following is a contra account?
A. Depreciation Expense
B. Accumulated Depreciation
C. Unearned Revenue
D. Earned Revenue
查看答案
Accrued revenue is revenue that:
A. has been collected and earned.
B. the business has collected in cash, but not yet earned.
C. the business has earned, but not yet collected in cash.
D. will be collected and earned in the future.
Unearned revenue is revenue that:
A. will be collected and earned in the future.
B. the business has collected in cash, but not yet earned.
C. has been collected and earned.
D. the business has earned, but not collected in cash.
An adjusting entry that credits Salaries Payable is an example of a(n):
A. accrued expense.
B. unearned revenue.
C. accrued revenue.
D. prepaid expense.
An expense that has been incurred but not yet paid is called a(n):
A. accrued revenue.
B. prepaid expense.
C. unearned revenue.
D. accrued expense.
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