Which of the Following Is NOT an Asset Account

question 110

Multiple Choice

Which of the following is NOT an asset account?

• A)Accounts Receivable
• B)Prepaid Rent
• C)Common Stock
• D)All of these are asset accounts.

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Definitions:

Watch Window

A feature in some software applications that allows users to monitor the value of certain expressions or variables during execution.

Worksheet Formulas

Mathematical expressions entered into spreadsheet cells to calculate and display results based on data in other cells.

Auditing

The process of examining and verifying a company's financial records to ensure accuracy and compliance with laws and regulations.

SUMIF Function

A function in spreadsheet software that sums the values in a range that meet specified criteria.