Question 13 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's...

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Answer 1

Answer #1

Answer : D) Revenue & G) Credit

Explanation : i)Fees earned income for an entity hence its is a Revenue item.

ii) As per Nominal account rule Incomes and Gains will have credit balance, therefore Fees earned will have a credit balance.

Answer 2

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