Which one of the following is not an asset?
A) Inventory
B) Accounts receivable
C) Revenue
D) Cash

Question

Quizplus · Accepted Answer

Revenue is not an asset. It is a part of the income statement, representing the amount of money earned by a business through sales or services rendered. Assets are resources owned by a business that have economic value and are expected to provide future benefits, such as inventory, accounts receivable, and cash.

Which One of the Following Is Not an Asset