👉 In accounting, a non-contributory item is an item that is not recognized as revenue but is included in a company's financial statements to show the amount of assets it has. Non-contributory items are not subject to tax and should be reported on the balance sheet. Examples of non-contributory items include: 1. Inventory 2. Accounts payable 3. Accounts receivable 4. Depreciation expense 5. Insurance premium Non-contributory items are typically used in financial statements,
