Examlex
Of the following, only a ________ cannot be added as a favorite in Windows Explorer.
Expense
Money spent or cost incurred in an entity's efforts to generate revenue.
Asset
Resources owned by a business or individual that have economic value or future benefit.
Liability Account
A liability account records the obligations or debts a company owes to others, such as loans, accounts payable, and mortgages.
Asset Account
An account on a company's balance sheet that represents a resource with economic value owned or controlled with the expectation that it will provide future benefit.
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