A customerʹs promise to pay in the future for solutions or goods sold is referred to as a(n) ________.A) Unearned Revenue B) accounts ReceivableC) note Payable D) account Payable


You are watching: Amounts earned from delivering goods or services to customers are called ________.

A customerʹs promise come pay in the future for solutions or goods sold is called a(n) ________.A) accounts Payable B) Unearned RevenueC) account Receivable D) notes Payable
A liability created when a company receives cash from client in advance of giving services or delivering products is called a(n) ________.A) unearned revenue B) company revenue C) notes receivable D) accrued liability
Saturn firm paid the rent because that the current month in cash. I m sorry of the following accounts will be provided to record the transaction?A) Prepaid rent B) rental Revenue C) rent Payable D) rental Expense
Amounts earned indigenous delivering items or solutions to client are called ________.A) notes receivable B) unearned revenuesC) earnings D) withdrawals
Which that the complying with is the document holding every the accounts, the alters in those accounts, and also their balances?A) Source paper B) psychological balance C) Ledger D) Journal
Which one of the following account groups generally has a debit balance?A) revenues and expenses B) assets and also expensesC) assets and also liabilitiesD) liabilities and revenues
Transactions are an initial recorded in a ________.A) trial balanceB) chart of account C) journalD) ledger
Posting a transaction means ________.A) calculating the balance in one accountB) preparing a summary of account balancesC) transferring data native the journal to the ledgerD) recognize the account number in the chart of accounts
Which that the adhering to sequences is the common sequence of flow of accounting data?A) newspaper → Source file → LedgerB) Source record → newspaper → Ledger C) Source paper → Ledger → journal D) Ledger → newspaper → source document
A service purchases devices with $8,000 cash. Which of the following accounts is credited?A) Cash B) EquipmentC) account Payable D) Smith, Capital
A organization performs solutions for a customer because that $26,000 on account. I m sorry of the following accounts is debited?A) Cash B) account Receivable C) business Revenue D) account Payable
A service performs solutions for $26,000 and also collects cash indigenous the customer. I m sorry of the following accounts will certainly be debited?A) Cash B) accounts Receivable C) company Revenue D) accounts Payable
A service makes a payment in cash for proclaiming expense. I beg your pardon of the adhering to accounts is credited?A) Prepaid advertising B) CashC) accounts Receivable D) declaring Expense
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