Which of the following does not classify as an asset of a company?
A) Cash
B) Accounts receivable
C) Salaries payable
D) Buildings

Question

Quizplus · Accepted Answer

Salaries payable represents a liability, not an asset, because it is money owed by the company to its employees. Choices A, B, and D all represent assets: cash is obviously an asset, accounts receivable represents money owed to the company by its customers, and buildings represent property owned by the company with a significant value.

Which of the Following Does Not Classify as an Asset