Which type of account would NOT be reported on the balance sheet?
A) Expense
B) Cash
C) Accounts Payable
D) Equipment

Question

Quizplus · Accepted Answer

Expense accounts are reported on the income statement, not the balance sheet. The balance sheet reports a company's assets, liabilities, and shareholders' equity at a specific point in time, while the income statement reports revenues and expenses over a period of time.

Which Type of Account Would NOT Be Reported on the Balance