Multiple Choice
Which of the following is a liability?
A) Drawings.
B) Prepaid insurance.
C) Accounts payable.
D) Cash at bank.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q23: Which aspect of business performance does the
Q24: What is the purpose of the statement
Q25: Which accounting convention has the effect that
Q26: Identify the current liability.<br>A)Wages owing.<br>B)Loan from B
Q27: Which of these is not an asset?<br>A)Accounts
Q29: A limitation of the statement of financial
Q30: What is the effect on the statement
Q31: The accounting convention that calls for financial
Q32: 'A present obligation of an entity arising
Q33: Which of the following is not considered