The Following Accounts: Equipment,accounts Payable,sales Revenue and Inventory Are Classified

question 54

Multiple Choice

The following accounts: equipment,accounts payable,sales revenue and inventory are classified as:

• A) equipment - asset; accounts payable - liability; sales revenue - income; inventory - asset.
• B) equipment - expense; accounts payable - asset; sales revenue - asset; inventory - liability.
• C) equipment - asset; accounts payable - asset; sales revenue - income; inventory - expense.
• D) equipment - asset; accounts payable - liability; sales revenue - income, inventory - expense.

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Definitions:

College Campuses

The grounds and buildings of a university or college where academic and administrative facilities are located.

Career Coach

A professional advisor who provides guidance and support in areas related to career exploration, goal setting, and employment strategies.

Motivates

The act of providing motivation or encouragement to someone to inspire action or elicit a desired behavior.

Values

Worth or importance you attach to various factors in your life.