New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Which of the following is not an expense account?

    A Rent expense Correct Answer Incorrect Answer
    B Supplies expense Correct Answer Incorrect Answer
    C Accounts payable Correct Answer Incorrect Answer
    D Advertising expense Correct Answer Incorrect Answer

    Solution

    Explanation: Expenses are the costs incurred by a business entity to generate revenue. Accounts payable is a liability account, not an expense account.

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