Question

Which does not come under the head of asset?

• A. Fixed asset
• B. Investment
• C. Current asset
• D. Owner's equity

Answer 1

The correct option is D Owner's equity

Accounting equation is defined as;

Owner's Equity+Liabilities=Total Assets

Owner's Equity is a liability for the business which is based on the concept of separate business entity.

Fixed Assets , Investment and current assets are the part of assets.