Which of the following accounts would not appear on a balance sheet?
A) Equipment
B) Interest Payable
C) Interest Revenue
D) Retained Earnings

Question

Quizplus · Accepted Answer

The accounts shown on a balance sheet are assets, liabilities, and equity accounts. Interest revenue is an income statement account because it represents revenue earned during a specific period, whereas a balance sheet shows a snapshot of a company's financial position at a point in time. Therefore, the correct answer is C.

Which of the Following Accounts Would Not Appear on a Balance