Which of the Following Accounts Is Not Included in the Asset

question 61

Multiple Choice

Which of the following accounts is not included in the asset section of the balance sheet?

• A)Buildings.
• B)Wages expense.
• C)Supplies.
• D)Land.
• E)Furniture

---

Definitions:

Proposals

Formal suggestions or plans put forward for consideration or discussion by others.

Size Of Paper

Refers to the dimensions of a sheet of paper, commonly measured in terms such as A4, legal, or letter size.

Business Procedures

Established sets of steps or methods followed by an organization to accomplish tasks or objectives, often to ensure consistency and efficiency.

Manuals

Instructional guides or handbooks that provide detailed information on how to use products or perform tasks.