In: Finance
Which of the following items is not on the balance sheet?
A) Inventory B) Operating expenses C) Accounts receivable D) Equipment
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.