When a worksheet is prepared, which account would not be entered into the income statement columns?...

When a worksheet is prepared, which account would not be entered into the income statement columns?

Select one:

Depreciation Expense

Service Revenue

Unearned Revenue

Insurance Expense

Solutions

Expert Solution

The answer is:		Option C

Unearned revenue means the entity has accepted
the consideration for a service that will be
provided in a future date. It's a liability for the
company and the same shall be appearing at
the balance sheet, under "Current Liabilities"

ekkarill92 answered 1 year ago

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