Which of the following accounts is not included in the asset section of the balance sheet?
A) Wages expense.
B) Land.
C) Buildings.
D) Furniture.
E) Supplies.

Question

Quizplus · Accepted Answer

Wages expense is not an asset, but an expense account that is included in the income statement section of the financial statements. The other choices (B, C, D, and E) are assets that are typically included in the asset section of the balance sheet.

Which of the Following Accounts Is Not Included in the Asset