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  • 19-02-2020
  • Business
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The type of account and normal balance of Unearned Fees is a.liability, credit b.liability, debit c.revenue, credit d.expense, debit

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zunesyed
zunesyed zunesyed
  • 26-02-2020

Answer:

The correct answer is (A)

Explanation:

An unearned fee on unearned income is the amount which is added to an account but not received yet. These accounts are usually liability and credit account. It is a liability because it has not received yet. So the general entry of this account is; debit to the cash account and credit to the unearned account.

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