Which of the Following Accounts Is an Asset

question 58

Multiple Choice

Which of the following accounts is an asset?

• A) Salary expense
• B) Accounts payable
• C) Service revenue
• D) Prepaid expenses

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Definitions:

Barack Obama

He served as the 44th President of the United States from 2009 to 2017, and is noted for being the first African American to hold the office.

Popular Abroad

A term used to describe something, such as a concept, product, or cultural phenomenon, that enjoys widespread popularity or recognition outside its country of origin.

War on Terror

An international military campaign launched by the United States in response to the September 11, 2001, terrorist attacks, aiming to eliminate terrorist groups like Al-Qaeda and ISIL.

Escalation

A situation where actions or events become more intense or serious, often leading to further conflict or a higher level of crisis.