Register now or log in to join your professional community.
A- Prepaid revenue B- Prepaid expense C- land D- A/R
Answer option >>>>>>>>>>>>>>>> A- Prepaid revenue.
So long as revenue is not earned it is a liability when payment is received in advance.
A-prepaid revenues vvvvvvvvvvvvv
All of the following is assets except A- Prepaid revenue
Answer : A- Prepaid revenue
prepaid revenue is a liability, answer A is correct
revenue already received in advance but not yet earned - LIABILITY
Prepaid revenue is not assets, it is liability.
A- Prepaid revenue is a liability not a asset
a- prepaid Revenue or unearned Revenue
A. Prepaid Revenue
Prepaid expense, Land and AR are all considered as assets
