Which of the Following Accounts Would Not Appear on a Balance

question 1

Multiple Choice

Which of the following accounts would not appear on a balance sheet?

• A)Service Revenue.
• B)Salaries Payable.
• C)Unearned Revenue.
• D)Neither Service Revenue nor Unearned Revenue would appear on a balance sheet.

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Definitions:

Corporate Client

A business entity that receives services or advice from a professional firm.

Plaintiff Lawyer

A legal professional who represents the complainant or victim initiating a lawsuit in a court of law.

Generally Accepted Accounting Principles

A set of accounting standards, principles, and procedures that companies must follow when compiling their financial statements in the U.S.

Duty of Care

A legal obligation imposed on an individual requiring adherence to a standard of reasonable care while performing any acts that could foreseeably harm others.