Which of the following accounts does NOT go onto the Income Statement from the adjusted trial balance?
A)Sales Revenue
B)Insurance Expense
C)Accounts Receivable
D)Rent Expense

Question

Quizplus · Accepted Answer

Accounts Receivable is a balance sheet account, not an income statement account. Therefore, it will not be included in the income statement from the adjusted trial balance. Sales Revenue, Insurance Expense, and Rent Expense are all income statement accounts and will be included in the income statement.

Which of the Following Accounts Does NOT Go onto the Income