Which of the Following Is an Example of a Liability

question 11

Multiple Choice

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

• A) Cash
• B) Owners' Capital
• C) Salaries Payable
• D) Wages Expense

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Definitions:

One-to-many Relationship

A database relationship where a single record in one table can be associated with multiple records in another table.

Power Pivot

An Excel add-in that allows users to perform powerful data analysis and create sophisticated data models, including large datasets from various sources.

Calculated Named Field

Refers to a field in a database that is defined by a calculation based on other fields, rather than storing data directly.

Data Model

A conceptual representation of the data objects, the associations between different data objects, and the rules.