Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 28 - No. 6)

Which of the following will result in an increase in both assets and liabilities?

Paying for insurance in advance.

Accruing interest expense.

Receiving cash for services to be performed in the future.

Writing off an irrecoverable debt.

Receiving cash increases assets, and unearned revenue (a liability) also increases.