Which of the following is an asset account?

Accounts Payable

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Prepaid Insurance

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Unearned Revenue

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None of these

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Solution

The correct option is B
Prepaid Insurance

Prepaid Insurance is a current asset as the benefit from the same is yet to be availed.

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Which of the following is an asset account?

The correct option is B Prepaid Insurance Prepaid Insurance is a current asset as the benefit from the same is yet to be availed.

The correct option is B
Prepaid Insurance

Prepaid Insurance is a current asset as the benefit from the same is yet to be availed.