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Muhammad

بِسمِ اللَّهِ الرَّحمٰنِ الرَّحيمِ

From: Sahiwal Division

Registered: 2012-03-22

Posts: 22,197

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Which of the following would not be regarded as an asset?

Accounting Quizzes Financial Accounting Quiz MCQs

Question:
Which of the following would not be regarded as an asset?

Option A):
An inventory of goods that have yet to be sold
Option B):
A piece of equipment owned by a business
Option C):
A sum of money owed to the business
Option D):
A building that has been rented for use by the business

Correct Answer is Option D):
A building that has been rented for use by the business

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