Which one of the following items appears on a balance sheet?
A)Accounts payable
B)Sales revenue
C)Utilities expense
D)Cost of goods sold

Question

Quizplus · Accepted Answer

Accounts payable is a liability that appears on the balance sheet, representing the amount owed by a company to its suppliers or creditors at a given point in time. Sales revenue, utilities expense, and cost of goods sold are all items that appear on an income statement, which shows a company's financial performance over a period of time, but not on the balance sheet.

Which One of the Following Items Appears on a Balance