Which type of account is NOT included in the Balance Sheet Accounts?

The type of account that is not included in the balance sheet accounts is indeed the Cost of Goods Sold. This account is classified as an expense on the income statement, which records the direct costs attributable to the production of the goods sold by a company during a specific period. Unlike balance sheet accounts, which represent a company's assets, liabilities, and equity at a particular point in time, Cost of Goods Sold reflects a flow of costs over time and is pivotal for calculating gross profit on the income statement.

Balance sheet accounts, such as Bank Accounts, Equity, and Accounts Receivable, capture the ownership interests and resources available within the business at a specific moment. Bank Accounts represent cash assets, Equity shows the owner's claims after liabilities, and Accounts Receivable indicates amounts owed to the business by customers. Each of these accounts contributes to the financial position of the company as they illustrate what the company owns and what it owes, rather than expenses incurred during operations.