The accounts that represent the resources of the company are called:
A)Liabilities.
B)Revenues.
C)Expenses.
D)Assets.

Name: The accounts that represent the resources of the company are called: A)Liabilities. B)Revenues. C)Expenses. D)Assets.
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Question

Quizplus · Accepted Answer

Assets represent the resources of the company, such as cash, equipment, and property. Liabilities represent the company's obligations and debts, while revenues and expenses are related to the company's earnings and costs.

The Accounts That Represent the Resources of the Company Are