Which of the Following Is an Asset Account

question 41

Multiple Choice

Which of the following is an asset account?

• A) Wages Payable
• B) Notes Payable
• C) Unearned Revenue
• D) Accounts Receivable

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Definitions:

Written Statement

A document that records the details of a declaration or an agreement in writing.

Bank Payment

is a transaction where money is transferred from one bank account to another to fulfill a financial obligation.

Specified Conditions

Explicitly defined terms or requirements that must be met within a contract, agreement, or situation.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, helping organizations manage their cash flow and ensure they have enough cash to cover their obligations.