Which of the following is NOT under the heading Plant and Equipment on a classified balance sheet?
A) Store Equipment
B) Office Machines
C) Accumulated Depreciation on Office Machines
D) Office Supplies

Question

Quizplus · Accepted Answer

Plant and Equipment on a classified balance sheet refers to long-term assets used to produce or sell goods and services, such as machinery, buildings, and vehicles. Office Supplies, on the other hand, are considered current assets and are typically listed under a different heading.

Which of the Following Is NOT Under the Heading Plant