All of the following are classified as assets except:
A)Accounts Receivable.
B)Supplies.
C)Equipment.
D)Accounts Payable.
E)Land.

Name: All of the following are classified as assets except: A)Accounts Receivable. B)Supplies. C)Equipment. D)Accounts Payable. E)Land.
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Question

Quizplus · Accepted Answer

Accounts Payable is not classified as an asset, it is a liability as it represents the amount owed to creditors for goods or services received but not yet paid for. All the other options (A, B, C, and E) are classified as assets.

All of the Following Are Classified as Assets Except