Which of these accounts is never closed?A. Prepaid RentB. Income SummaryC. Rent RevenueD. Rent Expense
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Which of these accounts is never closed?
A. Prepaid Rent
B. Income Summary
C. Rent Revenue
D. Rent Expense
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- Which of the following accounts normally has a debitbalance?a. Unearned Revenueb. Rent Expensec. Retained Earningsd. Sales RevenueWhat is an account receivable? O a. Sales O b. Asset Oc. Income O d. CreditorsWhich of these accounts is never closed? Group of answer choices Prepaid Rent Income Summary Rent Revenue Rent Expense
- Which of these accounts is never closed? Prepaid Rent Income Summary Rent Revenue Rent ExpenseDefine the followings? a. Real Account. b. Temporary Account.Which of the following accounts is considered a permanent or real account?A. Interest RevenueB. Prepaid InsuranceC. Insurance ExpenseD. Supplies Expense
- Which of the following items is not a specific account in acompany’s accounting records?a. Accounts Receivableb. Net Incomec. Sales Revenued. Unearned RevenueWhich account is least likely to be debited when revenueis recorded?a. Accounts Payableb. Accounts Receivablec. Cashd. Unearned RevenueWhich of the following is not an example of an asset? Group of answer choices Supplies. Accounts receivable. Prepaid Insurance. Deferred revenues.