The account that records expenses, gains and losses is A. Personal account B. Real account C. Nominal account D. None of the above
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The account that records expenses, gains and losses is
A. Personal account
B. Real account
C. Nominal account
D. None of the above
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- Which of the following accounts would be classified as a current liability on a classified balance sheet? Multiple Choice Dividends Deferred Revenue Wages Expense Accounts ReceivableWhich of the following items is not a specific account in acompany’s accounting records?a. Accounts Receivableb. Net Incomec. Sales Revenued. Unearned RevenueWhat kind of account is Unearned Revenue?a. Liability accountb. Asset accountc. Expense accountd. Revenue account
- Accounts receivable can be classified as _____ a. A Expense. b. A Liability. c. A Capital d. An AssetAllowance for Uncollectible Accounts is An Asset A Liabilitity An Expense A Contra-AssetAllowance for uncollectible account falls under what classification in a balance sheet? Current asset, current liability, etc
- Accounts receivable is classified as an _______________ a. An Asset b. A Expense. c. A Capital d. A Liability.What is an account receivable? O a. Sales O b. Asset Oc. Income O d. CreditorsWhich one of the following best describes the allowance for doubtful accounts? a.Statement of earnings account b.Liability account c.Contra account d.Cash flow account