All of the following items are assets except
A) Sales
B) Accounts receivable
C) Prepaid rent
D) Supplies on hand

Name: All of the following items are assets except A) Sales B) Accounts receivable C) Prepaid rent D) Supplies on hand
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

Sales are not assets, they are revenue generated by the sale of goods or services. The other options listed (accounts receivable, prepaid rent, supplies on hand) are all examples of assets.

All of the Following Items Are Assets Except