Which account below is not an account of equity? A. Cash. B. Dividends. C. Reserves. D. Retained Earnings.
Question
Solution 1
The answer is A. Cash.
Here's the step-by-step explanation:
A. Cash is an asset account, not an equity account. It represents the amount of cash the company has on hand.
B. Dividends is an equity account. It represents the amount of earnings distributed to shareholders.
C. Reserves is an equity Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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