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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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