Which of the following accounts is considered a temporary or nominal account?A. Fees Earned RevenueB. Prepaid AdvertisingC. Unearned Service RevenueD. Prepaid Insurance
Which of the following accounts is considered a temporary or nominal account?A. Fees Earned RevenueB. Prepaid AdvertisingC. Unearned Service RevenueD. Prepaid Insurance
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 1EB: Identify whether each of the following accounts are nominal/temporary or real/permanent. A. Rent...
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Which of the following accounts is considered a temporary or nominal account?
A. Fees Earned Revenue
B. Prepaid Advertising
C. Unearned Service Revenue
D. Prepaid Insurance
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