Which type of account would NOT be reported on the income statement?
A)Revenue
B)Expenses
C)Liabilities
D)None of these answers is correct.

Name: Which type of account would NOT be reported on the income statement? A)Revenue B)Expenses C)Liabilities D)None of these answers is correct.
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Question

Quizplus · Accepted Answer

Liabilities are balance sheet accounts and are not reported on the income statement. The income statement only reports revenue and expenses to determine net income or net loss.

Which Type of Account Would NOT Be Reported on the Income