Which of the following items does not appear on the balance sheet? 104)
A)Cash.
B)Accounts payable.
C)Notes payable.
D)Accounts receivable.
E)Withdrawals.

Question

Quizplus · Accepted Answer

Withdrawals are not reflected on the balance sheet because they are not assets, liabilities, or equity. They are a distribution of profits to the owner(s), which is reflected on the statement of owner's equity.

Which of the Following Items Does Not Appear on the Balance