Which of these is an asset?Interest earned on investmentsInvestmentsGeneral reserveEmployee benefits payable

The item that is an asset is: "Investments."

Here's why:

1. "Interest earned on investments" - This is not an asset, but a form of income or revenue. It represents the return on the investments, not the investments themselves.

2. "Investments" - This is an asset. Investments represent resources controlled by an entity as a result of past events and from which future economic benefits are expected to flow to the entity.

3. "General reserve" - This is not an asset, but a component of equity. It represents funds set aside from profits for general or unspecified future needs.

4. "Employee benefits payable" - This is not an asset, but a liability. It represents an obligation to pay benefits to employees in the future.