Multiple Choice
Which of the following accounts is a liability?
A) Accounts payable
B) Prepaid expenses
C) Service revenue
D) Salary expense
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q30: A business pays $500 cash for supplies.Which
Q31: Which of the following is NOT an
Q33: The following transactions for the month of
Q34: For Revenues,the category of account and its
Q36: Which of the following accounts is an
Q37: Which of the following journal entries
Q38: Which of the following statements CORRECTLY describes
Q39: A business buys $500 in supplies on
Q40: The first step of journalising an entry
Q108: For liabilities and revenues,a debit increases the