What Is the Liability Called That Arises from an Expense

question 125

Multiple Choice

What is the liability called that arises from an expense that the business has incurred but has not yet paid?

• A) It is known as an unearned expense.
• B) It is called a deferred expense.
• C) It is called a prepaid expense.
• D) It is referred to as an accrued expense.

---

Definitions:

Women

Adult human females.

Single Greatest Attraction

The main or most significant feature, quality, or aspect that draws or appeals to someone.

Intimate Companionship

A close, personal relationship characterized by deep emotional connection, affection, and mutual support.

Loved One

A person for whom someone has deep affection; often a family member, partner, or close friend.