Which of the Following Accounts Is an Asset

question 16

Multiple Choice

Which of the following accounts is an asset?

• A) Retained Earnings
• B) Notes Payable
• C) Prepaid Rent
• D) Supplies Expense

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Definitions:

Sodium Chloride

A chemical compound commonly known as salt, consisting of sodium and chloride ions, widely used for seasoning and preservation.

Inorganic Substances

Chemical substances that do not contain carbon-hydrogen bonds, including minerals, water, and salts.

Glucose

Glucose is a simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.

Cohesiveness

The quality of sticking together tightly; in a social context, it refers to the bonds that hold a group of people or components of a structure together.