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    4. ESIC Part B
    5. Which of the following is not an expense account?

    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.

    Practice Next
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    Relevant for Exams:

    • UPSC EO/AO

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