Which of the Following Accounts Does Not Appear on the Balance

question 34

Multiple Choice

Which of the following accounts does not appear on the balance sheet?

• A)Raw Materials Inventory
• B)Work in Process Inventory
• C)Cost of Goods Sold
• D)Finished Goods Inventory

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Definitions:

Accounts Payable

Short-term liabilities of a company, representing amounts owed to suppliers or creditors for goods and services received but not yet paid for.

Office Supplies

Consumable items used in offices on a regular basis, such as paper, pens, and toner cartridges.

Cash Dividends

Dividends paid out in cash by a company from its earnings to its shareholders at declared dividend dates.

Utility Bill

A statement of charges for the consumption of utilities such as electricity, gas, water, or sewage.