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Which of the following is not an element in the balance sheet : ?

accounts receivable1

accounts payable2

sales3

cash4

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Question added by هيثم ناجى , محاسب اول , الفيوم لصناعة السكر
Date Posted: 2015/08/03
Anil Aravind CMA
by Anil Aravind CMA , Asst.Manager -Finance , GEMS Education

Sales is not an element in Balance Sheet

هيثم ناجى
by هيثم ناجى , محاسب اول , الفيوم لصناعة السكر

 of course the correct answer is No.3 SALES

it is reported in income statement in the debt side

Said Shaban
by Said Shaban , Accountant , Tri State Materials Testing

The correct answer is:3 - Sales is not an element in the balance sheet

Michael Lagunday
by Michael Lagunday , Accounts Assistant , Invest Group Overseas LLC

My answer is Sales.

 

All of them except sales are shown in the Balance Sheet (Statement of Financial Statements). Sales is shown in the Income and Expense Statement.

Hossam Mohamed
by Hossam Mohamed , Senior Accountant , Allied Arab Assurance Brokerage

the correct answer is sales.........

Ahmer Zamir
by Ahmer Zamir , Consultant , Saleem Associates & Co

The option Sales3) is correct

A. Asset  B, Liability C.Revenues D.capital

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