All of the Following Are Asset Accounts Except

question 77

Multiple Choice

All of the following are asset accounts except:

• A) Accounts Receivable.
• B) Buildings.
• C) Supplies expense.
• D) Cash.
• E) Prepaid insurance.

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Definitions:

Trespass

An unlawful act of entering or encroaching upon someone else's property without permission, which can lead to legal action.

Trespass To Land

A legal concept referring to the unauthorized entry onto someone else's property, which can lead to civil liability.

Unauthorized Entry

Accessing a place or a system without permission or legal right.

Tort Against Property

Legal wrongs committed against someone's property, which can include damage, unauthorized use, or interference.