A. Name 5 possible account titles of a revenue for a service business.
B. Name 10 examples of accounts in operating expenses.
B. Name 10 examples of accounts in operating expenses.
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Answer:
1. Service Revenue
2. Service Fees
3. Service Charges
4. Service Income
5. Service Sales
1. Advertising and Promotion
2. Employee Salaries and Benefits
3. Rent and Utilities
4. Professional Services (Accounting, Legal, Consulting)
5. Office Supplies and Equipment
6. Travel and Entertainment Expenses
7. Insurance Expenses
8. Maintenance and Repairs
9. Depreciation Expense
10. Bank Service Charges