Asked by Jasmine Hawkins on Jul 18, 2024

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Fees Earned

A) Assets
B) Liabilities
C) Owner's Equity
D) Revenue
E) Expenses

Fees Earned

Revenue recognized by a company for services provided to clients, recorded as earned income on the income statement.

Account Group

A categorization of accounts in financial reporting, often organized by similarity or function within the general ledger.

Revenue

The total income generated by a company from its business activities, such as sales of goods or services, before any expenses are deducted.

  • Recognize the differences between distinct account types and their normal balance aspects.
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Verified Answer

BS
Breeanna SundbergJul 25, 2024
Final Answer :
D
Explanation :
Fees Earned is a revenue account, which falls under the Revenue account group.