Which of the following is NOT an asset?
A) Equipment
B) Accounts receivable
C) Accounts payable
D) Inventory

Name: Which of the following is NOT an asset? A) Equipment B) Accounts receivable C) Accounts payable D) Inventory
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

Accounts payable is a liability, not an asset. Assets are resources owned or controlled by a company that have economic value and can be used to generate future income. Equipment, accounts receivable, and inventory are all examples of assets.

Which of the Following Is NOT an Asset