Cash received in advance of providing goods and service is called ________ aDeferred Revenues bPrepaid Expenses cAccrued Expenses dWarranties

Cash received in advance of providing goods and service is called ________ aDeferred Revenues bPrepaid Expenses cAccrued Expenses dWarranties

1/3rd of above goods sold at a profit of 10% on cost and half of the payment is received in cash.

To record the electricity expenses paid for $450 in cash, following is the entry:Debit Electricity expenses for $450Credit Cash for $450

The total satisfaction received from consuming a good or service is called utility. True False

Equity is increased by: Group of answer choices dividends. revenues. expenses. liabilities.