Match Each of the Following Current Liabilities with Its Meaning

question 181

Multiple Choice

Match each of the following current liabilities with its meaning.
-CPP

• A)account payable
• B)note payable
• C)wages payable
• D)interest payable
• E)sales taxes payable
• F)CPP payable
• G)employment taxes payable
• H)unearned sales revenues
• I)estimated warranty liability

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Definitions:

Service Sector

A segment of the economy that involves providing services rather than producing goods, including sectors like retail, education, healthcare, and financial services.

Productivity

The measure of how efficiently resources, such as labor and capital, are used to produce goods and services.

Knowledge Society

A society in which much of the labour force has migrated from manual work to work based on knowledge.

Manual Work

Physical or labor-intensive tasks performed by humans, not machines or automation.