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:

Terabytes

A unit of computer storage capacity that is approximately equal to a trillion bytes or 1024 gigabytes, used to quantify data volume.

Volume

The intensity level of sound output from a device, which can usually be adjusted by the user.

OrderStatus

A descriptor or identifier used to indicate the current progress or stage in the processing or delivery of an order.

Pending

A status indicating that an action, process, or task has been initiated but is not yet completed or resolved.