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Homework answers / question archive / Which of the following is not a balance sheet item? a

Which of the following is not a balance sheet item? a

Accounting

Which of the following is not a balance sheet item?

a. assets

b. expenses

c. liabilities

d. retained earnings

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Liabilities , assets and retained earnings are balance sheet items where as expenses are income statement item.

So, the correct option is B "Expenses".

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