Which of the Following Liability Accounts Does not Usually Require

question 92

Multiple Choice

Which of the following liability accounts does not usually require a future cash payment?

• A)Accounts payable.
• B)Unearned revenues.
• C)Taxes payable.
• D)Notes payable.

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Definitions:

Average Amount

This term refers to the mean value or central tendency of a set of numerical values, calculated as the sum of the values divided by the number of values.

Lockbox Services

Banking services that process incoming checks by collecting and depositing them directly into the recipient's bank account, speeding up the collection process.

Collection Time

The average period it takes for a business to receive payments owed by its customers, reflecting on the efficiency of its credit policies and cash management.

T-bills Yield

The return on investment for Treasury bills, which are short-term government securities.