Multiple Choice
Which of the following is NOT normally considered to be an asset?
A) Retained earnings.
B) Cash.
C) Buildings.
D) Accounts receivable.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q46: Interest of Drawings is:<br>A)Expenditure for the business<br>B)Expense
Q47: Income tax paid by a sole proprietor
Q48: Which is the third stage of accounting
Q49: When goods are purchased for cash, the
Q50: Value of goods withdrawn by the proprietor
Q52: M/s Stationery Mart will debit the purchase
Q53: Journal entry for wages paid Rs. 5,000
Q54: The primary objective of the matching principle
Q55: The debit side discount column of three
Q56: All of the following are not considered