Compare the list of accounts below and choose the list that contains only accounts that would be classified as asset accounts on the Chart of Accounts.
A)Accounts Payable; Cash; Supplies.
B)Unearned Revenue; Accounts Payable; Dividends.
C)Building; Prepaid Insurance; Supplies Expense.
D)Cash; Prepaid Insurance; Equipment.
E)Notes Payable; Cash; Dividends.

Question

Quizplus · Accepted Answer

Cash, Prepaid Insurance, and Equipment are all classified as asset accounts on the Chart of Accounts.

Compare the List of Accounts Below and Choose the List