Which of the following items would not appear in an income statement?
A)Delivery Expense.
B)Accounts Payable.
C)Service Revenue.
D)Utilities Expense.

Question

Quizplus · Accepted Answer

Accounts Payable is a balance sheet account that represents what a company owes to its creditors or vendors, and it doesn't appear in the income statement. The other options, Delivery Expense, Service Revenue, and Utilities Expense are all accounts that would appear in an income statement as they are related to the revenue and expenses generated by the business operations.

Which of the Following Items Would Not Appear in an Income