Which of the following accounts is classified differently from the others in the list?
A)Notes Payable
B)Accounts Receivable
C)Merchandise Inventory
D)Prepaid Rent
E)Cash

Name: Which of the following accounts is classified differently from the others in the list? A)Notes Payable B)Accounts Receivable C)Merchandise Inventory D)Prepaid Rent E)Cash
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Question

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Notes Payable is a liability, while the others (Accounts Receivable, Merchandise Inventory, Prepaid Rent, and Cash) are assets.

Which of the Following Accounts Is Classified Differently from the Others