Ask Question
BusinessBusiness
20 October, 13:44

Which of the following accounts would not appear on a balance sheet? options: a. Unearned Revenue. b. Salaries Payable. c. Interest Revenue. d. Retained Earnings.

+1
Answers (1)
  1. 20 October, 16:00
    0
    The correct answer is letter "A": Unearned Revenue.

    Explanation:

    Unearned Revenue is accrued payments obtained by a company or individual for products and services not yet made or delivered by the company. Other terms for unearned revenue are advanced payments or deferred revenue. According to the Generally Accepted Accounting Principles (GAAP) the revenue process must be complete before revenue becomes an asset. This requires both delivery of the service or product and received-up payment.

    Unearned revenue is recorded as a liability on the Balance Sheet because it represents a debt owed to a customer.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following accounts would not appear on a balance sheet? options: a. Unearned Revenue. b. Salaries Payable. c. Interest ...” 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
You Might be Interested in
Franchisor supplies all of the following except Answer a. land to place the 4 on. b. the name of the shop. c. the methods of doing 4. d. any necessary training
Answers (1)
What is a product's life cycle? О А. the course of a product's sales during its lifespan B. the correct use of the marketing mix OC. the length of time of a product's life OD an outline that each product follows
Answers (1)
If the demand for a product declines, what happens to the price of the product?
Answers (1)
Distinguish between the benefiets of traditional banking amd the benefiets of online banking
Answers (1)
If the multiplier is 4 and there are no taxes, and government spending increases by $100 billion, real gdp will:
Answers (1)
New Questions in Business
What is a variable expense? A. An expense that is the same during some months, and different during other months. B. An expense that is the same from month to month. C. An expense that is different from month to month. D. None of the above.
Answers (2)
Calculator Santorino Company produces two models of a component, Model K-3 and Model P-4. The unit contribution margin for Model K-3 is $6; the unit contribution margin for Model P-4 is $14. Each model must spend time on a special machine.
Answers (1)
If US workers can produce everything in less time than Mexican workers, it is not possible for the US to gain from trade with Mexico. True/False
Answers (1)
A variable cost remains constant per unit at various levels of activity. a. True b. False
Answers (1)
A positive economic profit signals that the investors of a firm should divert their funds to alternative ventures. a. True b. False
Answers (1)
Home » Business » Which of the following accounts would not appear on a balance sheet? options: a. Unearned Revenue. b. Salaries Payable. c. Interest Revenue. d. Retained Earnings.
Sign Up Forgot Password?