Solved

The Following Accounts: Equipment,accounts Payable,sales Revenue and Inventory Are Classified

Question 16

Multiple Choice

The following accounts: equipment,accounts payable,sales revenue and inventory are classified as:


A) equipment - asset; accounts payable - liability; sales revenue - income; inventory - asset.
B) equipment - expense; accounts payable - asset; sales revenue - asset; inventory - liability.
C) equipment - asset; accounts payable - asset; sales revenue - income; inventory - expense.
D) equipment - asset; accounts payable - liability; sales revenue - income, inventory - expense.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents