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    Exam 3: The Adjusting Process
  5. Question
    The Account Type and Normal Balance of Prepaid Expense Is
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The Account Type and Normal Balance of Prepaid Expense Is

Question 118

Question 118

Multiple Choice

The account type and normal balance of Prepaid Expense is


A) revenue, credit
B) expense, debit
C) liability, credit
D) asset, debit

Correct Answer:

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