Multiple Choice
The type of account and normal balance of Unearned Consulting Fees would be
A) revenue, credit
B) expense, debit
C) liability, credit
D) liability, debit
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q146: What effect will this adjustment have
Q147: The revenue recognition principle states that revenue
Q148: The cost of office supplies to be
Q149: Identify the effect (a through h) that
Q150: At the end of the current year,
Q152: An adjusting entry to accrue an incurred
Q153: Prepaid advertising, representing payment for the next
Q154: Under the accrual basis, some accounts in
Q155: Match the type of account (a through
Q156: A business pays biweekly salaries of $20,000