Which of the following is an example of an asset?
A) accounts payable
B) bank loan
C) inventory
D) owner's equity

Question

Quizplus · Accepted Answer

Inventory is considered an asset because it represents goods that a company owns and can sell to generate revenue.

Note: 
A) Accounts payable is a liability because it represents money owed by a company to its creditors.
B) Bank loan is a liability because it represents money borrowed by a company that needs to be repaid to the lender.
D) Owner's equity is technically not an asset, but rather the difference between a company's assets and liabilities (i.e. the amount of money that would be left over if all debts were paid off).

Which of the Following Is an Example of an Asset