Identify the Account Below That Is Classified as an Asset

question 167

Multiple Choice

Identify the account below that is classified as an asset in a company's chart of accounts:

• A) Accounts Payable
• B) Accounts Receivable
• C) Owner's Capital
• D) Unearned Revenue
• E) Service Revenue

---

Definitions:

Big Data

Data sets that are too large and complex to analyze with conventional data management and data mining software.

Conventional Data Management

Traditional methods of collecting, storing, and processing data, often involving manual procedures or straightforward digital systems.

Data Mining Software

Computer programs designed to process large datasets to identify patterns, trends, and relationships.

Customer Retention

The activities and actions companies take to reduce the number of customer defections and to keep customers loyal to the brand or company.