Compare the list of accounts below and choose the list that contains only accounts that would be classified as asset accounts on the Chart of Accounts.
A)Accounts Payable;Cash;Supplies.
B)Unearned Revenue;Accounts Payable;Owner's Withdrawals.
C)Building;Prepaid Insurance;Supplies Expense.
D)Cash;Prepaid Insurance;Equipment.
E)Notes Payable;Cash;Owner's Withdrawals.

Question

Quizplus · Accepted Answer

Cash, Prepaid Insurance, and Equipment are all asset accounts.

Compare the List of Accounts Below and Choose the List