Which of the Following Is a Liability Account

question 93

Multiple Choice

Which of the following is a liability account?

• A) Accounts Payable
• B) Prepaid Expense
• C) Salaries Expense
• D) Service Revenue

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Definitions:

Sense of Urgency

A feeling that an action or project requires immediate attention and quick decision-making to exploit opportunities or avoid crises.

Influential Persons

Individuals who have significant impact or authority in decision-making processes or in shaping opinions and behaviors in a community or organization.

Changing Phase

The process of transitioning from one state, condition, or stage to another, often marking a significant shift or transformation.

Refreezing Phase

The final stage in the change process where new behaviors are solidified into the organization's culture, ensuring changes are maintained over time.