Which one of the following is NOT an asset?
A) marketable securities
B) equipment
C) customer accounts with credit balances
D) office equipment

Name: Which one of the following is NOT an asset? A) marketable securities B) equipment C) customer accounts with credit balances D) office equipment
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Customer accounts with credit balances are liabilities, not assets. They represent money that the business owes to its customers. Marketable securities, equipment, and office equipment are all examples of assets.

Which One of the Following Is NOT an Asset