Which group of accounts is comprised of only assets?
A) Cash, Accounts Payable, Buildings
B) Accounts Receivable, Revenue, Cash
C) Prepaid Expenses, Buildings, Patents
D) Unearned Revenue, Prepaid Expenses, Cash

Question

Quizplus · Accepted Answer

Prepaid expenses and buildings are both assets, and patents can also be classified as an intangible asset. Cash, accounts payable, accounts receivable, revenue, unearned revenue are all examples of different types of accounts, including liabilities and revenue.

Which Group of Accounts Is Comprised of Only Assets