Multiple choice

Which of the following accounts would NOT be on a balance sheet?

  1. Rent Expense

  2. Land

  3. Notes Payable

  4. Unearned Revenue
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Rent Expense is a temporary account that appears on the Income Statement, not the Balance Sheet. Land, Notes Payable, and Unearned Revenue are all permanent accounts that appear on the Balance Sheet.

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