Which of the Following Accounts Is Not a Liability

question 6

Multiple Choice

Which of the following accounts is not a liability?

• A) Sales Tax Payable
• B) Accounts Payable
• C) Accounts Receivable
• D) Ultilities Payable

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Definitions:

Intertype Competition

Competition between very dissimilar types of retail outlets that results from a scrambled merchandising policy.

Scrambled Merchandising

Offering several unrelated product lines in a single store.

Hypermarkets

Large retail stores that combine a supermarket and a department store, offering a wide range of products under one roof.

Carrefour

A French multinational retail corporation and one of the largest hypermarket chains in the world, offering a wide range of products including groceries, clothing, and electronics.