Ask Question
30 December, 10:30

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

+4
Answers (1)
  1. 30 December, 13:48
    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?
Find 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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers