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Which account is NOT listed at all on the statement of financial position?
AAccounts Payable
BRetained Earnings
CCash Dividends
DShare Capital
Answer & Solution
Correct answer: C. Cash Dividends
1. The balance sheet lists asset, liability, and equity accounts.
2. Retained Earnings, Accounts Payable, and Share Capital all belong to these categories and appear.
3. Cash Dividends is a temporary contra account closed to Retained Earnings before the balance sheet is prepared.
4. Its effect is already inside the Retained Earnings figure, so it is not listed separately.
5. Therefore Cash Dividends is the account not shown.
_Source: Jonick, Principles of Financial Accounting (CC BY-SA 4.0), §1.7.4 "Balance Sheet", p.45_
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