Ramona is a Certified Fraud Examiner engaged by the ABC Company to trace the cash sales through the accounting records. The ABC Company is in the insurance industry and bills the premiums to the customers one month in advance. She expects to see a debit to cash or accounts receivable for the one-month amount and a credit to which of the following?
A. unearned revenues
B. prepaid assets
C. deferred charges
D. none of the above
CFE CASH CAB - WHAT IS YOUR LOCATON?