Which of the following is NOT an asset?
A)Inventory
B)Accounts payable
C)Accounts receivable
D)Cash

Question

Quizplus · Accepted Answer

Accounts payable is a liability, not an asset. Assets are things that a company owns and has value, while liabilities are obligations or debts that a company owes to others. Inventory, accounts receivable, and cash are all examples of assets because they have value and can be used to generate revenue.

Which of the Following Is NOT an Asset