Tag Archives: asset

Which of the Following is Not an Asset Account

Which of the Following is Not an Asset Account Chapter 22: MULTIPLE CHOICE QUESTIONS Affiliate 2: Statement of fiscal position and income argument (one) Which of the following is the accounting equation AAssets – Liabilities – Capital = Drawings + Profit BAssets = Liabilities – Capital + Profit – Drawings …

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All of the Following Are Asset Accounts Except

All of the Following Are Asset Accounts Except Asset Accounts Asset accounts are i of the three major classifications of residue canvas accounts: Assets Liabilities Stockholders’ equity (or owner’s equity) The ending balances in the balance sheet accounts volition exist carried forward to the next bookkeeping yr. Hence the rest …

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