Which of the Following Accounts Is NOT an Example of a Liability

question 16

Multiple Choice

Which of the following accounts is NOT an example of a liability?

• A)Accounts receivable
• B)Bills payable
• C)Accounts payable
• D)Wages payable

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Definitions:

Wind Farms

Areas equipped with large numbers of wind turbines used to generate electricity.

Fossil Fuels

Natural fuels such as coal, oil, and natural gas derived from the remains of living organisms that have been buried for millions of years.

Migratory Birds

Birds that travel from one region or climate to another at regular times of the year, often for breeding or climate conditions.

Fallacy of Composition

The error of assuming that what is true of a member of a group is true for the group as a whole.