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

Question

Quizplus · Accepted Answer

Accounts Receivable is a balance sheet account and does not appear on the income statement. The other accounts listed (Sales, Insurance Expense, and Rent Expense) are all income statement accounts.

Which of the Following Accounts Does NOT Go onto the Income