Which type of account would NOT be reported on the income statement?
A) Revenue
B) Expenses
C) Liabilities
D) None of the above answers are correct.

Question

Quizplus · Accepted Answer

Liabilities are reported on the balance sheet, not the income statement. The income statement reports a company's financial performance over a specific accounting period, primarily focusing on revenues and expenses.

Which Type of Account Would NOT Be Reported on the Income