Question

which of the following accounts is an asset?
answer
retained earnings
accounts receivable
service revenue
accounts payable
i dont know yet

Explanation:

To determine which account is an asset, we analyze each option:

• Retained Earnings: Part of equity, not an asset.
• Accounts Receivable: Represents money owed to the company by customers, a current asset.
• Service Revenue: A revenue account, not an asset.
• Accounts Payable: A liability (amount owed by the company), not an asset.

Answer:

B. Accounts Receivable