Which of the following is an asset account?
A)Cash
B)Notes Payable
C)Dividends
D)Unearned Revenue

Question

Quizplus · Accepted Answer

Asset accounts represent resources that a company owns or controls, and cash is a common example of such an asset.

Note: The other choices are not asset accounts. Notes Payable is a liability account that represents money a company owes to others. Dividends and Unearned Revenue are equity and liability accounts, respectively, that represent payments made to shareholders and advance payments received from customers, respectively.

Which of the Following Is an Asset Account