Ask Question
Today, 10:29

The type of account and normal balance of Unearned Fees is a. liability, credit b. liability, debit c. revenue, credit d. expense, debit

+5
Answers (1)
  1. Today, 12:57
    0
    The correct answer is (A)

    Explanation:

    An unearned fee on unearned income is the amount which is added to an account but not received yet. These accounts are usually liability and credit account. It is a liability because it has not received yet. So the general entry of this account is; debit to the cash account and credit to the unearned account.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The type of account and normal balance of Unearned Fees is a. liability, credit b. liability, debit c. revenue, credit d. expense, debit ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers