Of the following, which is NOT reported on the Balance Sheet?
A)cash
B)equipment
C)Depreciation Expense
D)account payable

Name: Of the following, which is NOT reported on the Balance Sheet? A)cash B)equipment C)Depreciation Expense D)account payable
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Depreciation Expense is an income statement item and is not reported on the balance sheet. The balance sheet only presents information on a company's assets, liabilities, and equity. Therefore, options A, B, and D are reported on the balance sheet.

Of the Following, Which Is NOT Reported on the Balance