The type of account and normal balance of Unearned Rent is
A) revenue, credit
B) expense, debit
C) liability, credit
D) liability, debit
C
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The general ledger process comprises all of the following except:
a. providing information for financial reporting b. servicing the needs of managerial reporting c. classifying data by general ledger accounts d. ensuring that the external financial statements conform to GAAP
Only one copy of the prelist should be prepared when an employee opens mail with customer payments to avoid complexity in the accounting system and maintain control
a. True b. False Indicate whether the statement is true or false
When segmenting markets, one should look at geographic location and demographic characteristics, as well as customers' desire and willingness to compare and shop; but behavioral needs aren't important for this purpose.
Answer the following statement true (T) or false (F)
It's oversimplified to classify retailers and their strategies on the basis of a single characteristic-such as sales volume, services, product assortment, etc.
Answer the following statement true (T) or false (F)