Ask Question
2 April, 22:37

Which of the following is an asset account? A. Wages PayableB. Unearned RevenueC. Accounts ReceivableD. Notes Payable

+5
Answers (1)
  1. 3 April, 00:00
    0
    C. Accounts Receivable

    Explanation:

    The balance sheet comprises of total assets, total liabilities and the stockholder equity

    The total assets could be further classified into a current asset, fixed asset, and the intangible assets

    Whereas

    The total liabilities comprise of current liabilities and the long term liabilities

    So, the wages payable, unearned revenue, and the note payable is a liability account while the account receivable is a current asset account
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following is an asset account? A. Wages PayableB. Unearned RevenueC. Accounts ReceivableD. Notes Payable ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers