Which of the following is not an item of Balance Sheet?
A. Accounts receivable
B. Accounts payable
C. Sales revenue
D. Marketable securities
Answer: Option C
Solution(By Examveda Team)
Sales revenue is not an item of Balance Sheet. Sales revenue is the amount realized by a business from the sale of goods or services.This Question Belongs to Commerce >> Accounting
Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
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