Which of the following accounts is not considered an asset?
A)Accounts Receivable
B)Inventory
C)Accounts Payable
D)Trademark

Question

Quizplus · Accepted Answer

Accounts Payable is a liability account, not an asset. It represents the money that a company owes to its creditors or suppliers. Accounts Receivable and Inventory are both examples of current assets, while Trademark is an example of an intangible asset.

Which of the Following Accounts Is Not Considered an Asset