Questions: Which of the following is not an asset? (a) Cash (b) Land (c) Accounts Payable (d) Accounts Receivable

The answer is (c) Accounts Payable.

Cash is considered an asset because it is a resource owned by a company that can be used to settle debts, purchase goods, or invest.

Land is also an asset as it is a tangible resource owned by a company that can be used for operations, investment, or sale.

Accounts Payable is not an asset; it is a liability. It represents the amount a company owes to its suppliers or creditors for goods and services received but not yet paid for.

Accounts Receivable is an asset because it represents money owed to the company by its customers for goods or services delivered but not yet paid for.