Question

The unearned revenue account is reduced by Select one: a. receiving payments in advance b. debiting...

The unearned revenue account is reduced by

Select one:

a. receiving payments in advance

b. debiting the account

c. either debiting or crediting the account, depending on circumstances

d. crediting the account

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Answer #1

Ans. Option B

Explanation: Unearned revenue is a current liability. Current liabilities have normal credit balance. A current liability can be reduced by debiting it's account.

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