Asked by
Alegra Garcia
on Oct 16, 2024
Verified
Which of the following is NOT an asset account:
A) Cash
B) Land
C) Services Revenue
D) Buildings
E) Equipment
Services Revenue
Revenue generated from providing services, as opposed to selling goods or products.
Asset Account
An account that records the value of an entity's resources, such as cash, equipment, inventory, and property.
Cash
Money in the form of currency that is available for immediate use by a company for transactions, payments, and other financial activities.
- Recognize the features and categorization of various account types (asset, liability, equity, revenue, and expense).
Verified Answer
RP
Learning Objectives
- Recognize the features and categorization of various account types (asset, liability, equity, revenue, and expense).