Which of the Following Is Not an Asset Account

question 39

Multiple Choice

Which of the following is not an asset account?

• A)Supplies.
• B)Accounts Payable.
• C)Equipment.
• D)Accounts Receivable.

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Definitions:

Implementation

The process of putting a decision or plan into effect; it is the action taken to ensure that a strategy or directive is executed.

Responsibilities

Duties or obligations required to be fulfilled by an individual or group.

Implementing Agreement

The process of putting into action the terms and conditions of a previously negotiated contract or accord.

Responsibilities

Duties or tasks that an individual or group is obliged to perform or fulfill, often as part of a job or role.