Which of the Following Items Is NOT Listed on the Balance

question 166

Multiple Choice

Which of the following items is NOT listed on the balance sheet?

• A) Accounts Payable
• B) Accounts Receivable
• C) Revenue
• D) Equipment

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Definitions:

Periodic Payments

Regular payments made over a specified period, such as those for leases, loans, or installment purchases.

Operating Line of Credit

A type of financing arrangement providing a business with the ability to borrow money up to a certain limit for operational purposes.

Negative Cash Balance

A situation where a company or individual's cash account balance drops below zero, indicating that the account is overdrawn.

Current Liability

Short-term financial obligations that are due within one year or within a normal operating cycle.