Which of the following is an example of an asset account?
A) Payroll Tax Expense
B) Revenue
C) Salaries Payable
D) Cash

Name: Which of the following is an example of an asset account? A) Payroll Tax Expense B) Revenue C) Salaries Payable D) Cash
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Question

Quizplus · Accepted Answer

Cash is a typical asset account, as it represents any money and funds held by a company or individual that can be used to make purchases or investments. Payroll tax expenses, revenue, and salaries payable are not asset accounts.

Which of the Following Is an Example of an Asset