The account that would not appear on a balance sheet is Unearned Revenue.
- The account that would not appear on a balance sheet is c. Unearned Revenue.
- A balance sheet is a financial statement that presents a company's financial position at a particular point in time.
- It lists a company's assets, liabilities, and shareholders' equity.
- Unearned revenue refers to the money received in advance for goods or services that have not yet been delivered.
- This is categorized as a liability rather than an asset, and therefore, it would not be listed on the balance sheet.
Question:
Which of the following accounts would not appear on a balance sheet?
a. Service Revenue.
b. Salaries Payable
c. Unearned Revenue
d. Neither Service Revenue nor Unearned Revenue would appear on a balance sheet