Which of the Following Accounts Is a Liability

question 159

Multiple Choice

Which of the following accounts is a liability?

• A) Accounts payable
• B) Prepaid expenses
• C) Salary expense
• D) Service revenue

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Definitions:

Emergent Literacy

Knowledge, skills, and attitudes that provide the building blocks for learning to read and write.

Building Blocks

Fundamental components or elements that serve as the foundation for constructing or understanding more complex structures or concepts.

Read and Write

Basic literacy skills allowing individuals to decode text to retrieve information and communicate ideas through writing.

Number Words

The linguistic terms used to denote quantities or positions in a numerical sequence.