Assume you prepay Body Studio for a package of six physical training sessions. Which type of account
Question:
Assume you prepay Body Studio for a package of six physical training sessions. Which type of account should you have in your records?
a. Prepaid expense
b. Accrued expense
c. Accrued revenue
d. Unearned revenue
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The correct answer is d Unearned revenue When you prepay for a service such as ...View the full answer
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