Which of the following accounts would not appear on a balance sheet?
A)Service Revenue.
B)Salaries Payable.
C)Unearned Revenue.
D)Neither Service Revenue nor Unearned Revenue would appear on a balance sheet.

Question

Quizplus · Accepted Answer

Service Revenue would not appear on a balance sheet as it is a temporary account and is closed at the end of each accounting period. Balance sheet accounts are permanent accounts that carry over from one accounting period to the next. Salaries Payable and Unearned Revenue are both balance sheet accounts.

Which of the Following Accounts Would Not Appear on a Balance