Compare the list of accounts below and choose the list that contains only accounts that would be classified as asset accounts on the Chart of Accounts.
A) Unearned Revenue; Accounts Payable; Owner's Withdrawals.
B) Notes Payable; Cash; Owner's Withdrawals.
C) Building; Prepaid Insurance; Supplies Expense.
D) Accounts Payable; Cash; Supplies.
E) Cash; Prepaid Insurance; Equipment.

Question

Quizplus · Accepted Answer

Cash, Prepaid Insurance, and Equipment are all asset accounts.

Compare the List of Accounts Below and Choose the List