All of the following are considered "assets" except:
A) Cash
B) Supplies
C) Notes payable
D) Merchandise inventory
E) Accounts receivables

Name: All of the following are considered "assets" except: A) Cash B) Supplies C) Notes payable D) Merchandise inventory E) Accounts receivables
Brand: Quizplus
Rating: 5.0 (29 reviews)

Question

Quizplus · Accepted Answer

Notes payable are a liability, not an asset. The others (cash, supplies, merchandise inventory, and accounts receivables) are all considered assets.

All of the Following Are Considered "Assets" Except