Which of the Following Is NOT a Liability of Known

question 82

Multiple Choice

Which of the following is NOT a liability of known amount?

• A)Accounts payable
• B)Income tax payable
• C)Warranty payable
• D)GST payable

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Definitions:

Question Of Law

An issue concerning the interpretation or application of the law which is decided by a judge, not a jury.

Court

A legal institution that has the authority to adjudicate legal disputes between parties and administer justice in civil, criminal, and administrative matters.

Prohibition

An order not to proceed with a hearing or other administrative process.

Decision Maker

An individual or group responsible for making judgments and deciding on matters within an organization, project, or situation.