Which of the Following Is NOT a Balance Sheet Account

question 125

Multiple Choice

Which of the following is NOT a balance sheet account?

• A) Unearned Revenue
• B) Prepaid Rent
• C) Accumulated Depreciation - Building
• D) Owner, Withdrawals

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Definitions:

Cost Of Sales

Direct costs attributable to the production of the goods sold by a company, including materials and labor.

Temporal Method

An accounting technique used to translate the financial statements of a foreign subsidiary to the parent company's currency, using exchange rates that vary with the timing of the original transaction.

Depreciation Expense

An accounting method used to allocate the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Temporal Method

A method of currency translation that uses exchange rates based on the time assets and liabilities were acquired or incurred.