Which of the following items is not a specific account in a company's chart of accounts?
A) Income Tax Expense
B) Sales Revenue
C) Unearned Revenue
D) Net Income

Question

Quizplus · Accepted Answer

Net Income is not a specific account in a company's chart of accounts. It is the result of subtracting all expenses from all revenues. Income Tax Expense, Sales Revenue, and Unearned Revenue are all specific accounts that would typically be found in a chart of accounts.

Which of the Following Items Is Not a Specific Account