Which of the Following Is NOT an Asset

question 28

Multiple Choice

Which of the following is NOT an Asset?

• A) Cash
• B) Accounts Receivable
• C) Buildings
• D) All of the above are Assets.

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Definitions:

Deposits

Money placed into a bank account or with a financial institution for safekeeping or to earn interest.

Investment

The distribution of financial resources in anticipation of earning revenue or gains.

RRSP

Registered Retirement Savings Plan, a Canadian investment account for holding savings and investment assets, aimed at providing retirement income.

Contributions

Money, time, or resources given to support a cause, organization, or project.