Question

Which of these is not included as a separate item in the basic accounting equation?

Assets
revenues
liabilities
stockholders equity​

Answer 1

Answer:

Revenues is not included as a separate item in the basic accounting equation

Answer 2

The answer is Revenue:

Explanation:

REVENUE

• "The equation is Assets = liabilities +owner's equity"
• The fundamental accounting equation does not incorporate revenue as a distinct item.
• The total amount of revenue generated through the sale of goods or services connected to the company's principal business is referred to as revenue.
• Because it appears at the top of the income statement, revenue, also known as gross sales, is sometimes referred to as the "top line."
• The whole earnings or profit of a corporation is referred to as income, or net income.