Which of the following items is not on the balance sheet? A)Inventory B) Operating expenses...

Which of the following items is not on the balance sheet?

A) Inventory B) Operating expenses C) Accounts receivable D) Equipment

Solutions

Expert Solution

A balance sheet contains the Asset and Liabilities. Liabilities includea Equity.

Inventory, Account receivable and Equipment is an Asset and hence forms part of balance sheet.

Operating expenses are the expenses and is part of Profit and loss statement.

Hence the Answer will be B) Operating Expenses.

jeff jeffy answered 1 year ago

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