Which of the following items is NOT listed on the balance sheet?
A) Accounts Payable
B) Accounts Receivable
C) Service Revenue
D) Equipment

Question

Quizplus · Accepted Answer

Service Revenue is not listed on the balance sheet; it is reported on the income statement. The balance sheet includes assets, liabilities, and equity, such as Accounts Payable (liability), Accounts Receivable (asset), and Equipment (asset).

Which of the Following Items Is NOT Listed on the Balance