Which of the Following Accounts Is Not Included in the Liability

question 33

Multiple Choice

Which of the following accounts is not included in the liability section of the balance sheet?

• A) Accounts receivable.
• B) Notes payable.
• C) Wages payable.
• D) Accounts payable.
• E) Taxes payable.

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Definitions:

Clockwise Rotation

A circular movement in the same direction as the hands move on a clock.

Gears And Shafts

Mechanical components that transmit rotational force; gears change the speed, torque, and direction of movement, while shafts support rotating parts and transfer motion.

Idler Gear

An Idler Gear is a gear positioned between two other gears to transmit motion from one to the other, often used to change the direction of rotation or to adjust the spacing between driving and driven gears.

Direction Of Rotation

The clockwise or counterclockwise movement of a mechanical component or system as seen from a specific vantage point.