menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 2: Recording Business Transactions
  5. Question
    Which of the Following Accounts Is an Example of a Liability
Solved

Which of the Following Accounts Is an Example of a Liability

Question 17

Question 17

Multiple Choice

Which of the following accounts is an example of a liability?


A) Bills payable
B) Service revenue
C) Accounts receivable
D) Building

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: A business makes a cash payment of

Q13: Which of the following accounts decreases with

Q15: For Accounts payable,the category of account and

Q16: Which of the following accounts is NOT

Q18: Beetles Ltd recorded the following journal

Q19: For Drawings,the category of account and its

Q20: After initially recording a transaction,the data is

Q22: A business makes a payment of $1440

Q33: When a business records an expense incurred,the

Q151: In a trial balance,total debits are always

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines