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Select the Account Types for These Items \bullet Rent Received in Advance

Question 57

Multiple Choice

Select the account types for these items:
\bullet Rent received in advance
\bullet Mortgage
\bullet Prepaid expenses
\bullet Rates


A) Expense, liability, liability, equity
B) Asset, equity, asset, expense
C) Liability, liability, asset, expense
D) Expense, liability, asset, liability

Correct Answer:

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