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shadekashakay
11.02.2020 •
Business
Classify the following items as (a) prepaid expense, (b) unearned revenue, (c) accrued revenue, or (d) accrued expense:
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Ответ:
Answer & Explanation :
a. Prepaid Expenses : These are expenses paid before the due date.
Eg - April'19 rent already paid in March'19
b. Unearned Income : These are revenues received before the due date. It is also called Advance Income
Eg - March'19 commission already received in Feb'19.
c. Accrued Revenue : These are revenue earned & due to be received, but still not received. It is also called Outstanding Income.
Eg - March'19 commission earned revenue not received till March'19 end
d. Accrued Expense : These are expenses due but not paid. It is also called Outstanding Expense.
Eg - March'19 rent not paid till March'19 end
Ответ:
Omg I learned this literally today, lol.
There are many differences between a job and a career. For instance a gardener says that he's not interested in his job of work, but the horticulturist says she is fascinated by her career.
Hopefully the attachment below helps you alittle bit more