_____ is the financial obligation of a company in regards to a loan that accrues with the passage of time.

Which of the following options would NOT be classified as a current liability account?

Which of the following is NOT an account title for liabilities?

On December 26 of Year 1, XYZ Company hired three sales associates to begin work immediately on an after-Christmas sale. The associates were paid on January 9 of Year 2. Disregarding amounts, what entry should have been made on December 31 of Year 1?

Amounts paid for various fees incurred in organizing a corporation are called ____________.

Ms. Brown is an attorney who collects a retainer fee from all of her new clients. At the beginning of the year, the Unearned Retainer Fee account had a balance of $24,000. Ms. Brown collected additional retainer fees totaling $94,000 from her clients during the year. Her year-end Balance Sheet reports a $16,000 balance in the Unearned Retainer Fee account. How much of the retainer fees were earned by Ms. Brown during the year?

It is given that while performing the year end review of inventory, the Inventory had been overstated by 15000 dollars. In order to perform the appropriate adjustments, a certain account was credited. Which of the following accounts could it be?

You are an owner of an education startup. Your startup provides various kinds of services through the use of the single platform. While defining the master budget which of the following are taken into consideration? A. Budgeted income statement B. Budgeted balance sheet C. Budgeted cash flow statement

While adjusting the depreciation of assets in the end of a year you come across a asset worth 10000$ that was bought in june .The asset has a  depreciation of 500$  and the less accumulated depreciation of 3100$.What will the book value for the asset mentioned be after year end adjustments are made to it?

For a company, you need to calculate the working capital cycle while using the provided information. A. Receivable days -180 days B. Accounts payable days- 20days C. Inventory days-100 days

You have recently acquired a company for 8000$  .If you debit the amount from account receivables for 8000$ which of these corresponding accounts should be credited in the given scenario ?