Question

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

1) cash
2) salaries payable
3) acc receivable
4) retained earnings
5) all above

Answer 1

The account that would NOT appear on a balance sheet is 2) salaries payable.

Step-by-step explanation:

The account that would NOT appear on a balance sheet is salaries payable. A balance sheet is a financial statement that lists an organization's assets, liabilities, and shareholders' equity at a specific point in time. Salaries payable, on the other hand, represents the amount of money that a company owes to its employees for work already performed but not yet paid. It falls under the liabilities category and is not listed as a separate account on a balance sheet.