Which of the following is an example of an asset account?
A)Revenue
B)Salaries Payable
C)Cash
D)Payroll Tax Expense

Question

Quizplus · Accepted Answer

Cash is classified as an asset account since it represents the company's cash on hand or the resources that can be readily converted into cash.

Note: Revenue, Salaries Payable, and Payroll Tax Expense are all examples of different types of accounts but are not asset accounts. Revenue is an income account, Salaries Payable is a liability account, and Payroll Tax Expense is an expense account.

Which of the Following Is an Example of an Asset