Which of the Following Accounts Is an Example of a Liability

question 17

Multiple Choice

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

• A)Bills payable
• B)Service revenue
• C)Accounts receivable
• D)Building

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Definitions:

Maintenance

The act of preserving or keeping something in good condition through regular checks and repairs, or the consistent performance of necessary tasks.

National Cemeteries

Dedicated burial grounds for military personnel and veterans, often maintained by a country's government.

Military Service

The act of serving in the armed forces of a country, either on a voluntary basis or as required by law.

Types Of Cemeteries

Various classifications of burial grounds, based on features such as ownership, religious affiliation, or the type of memorials allowed.