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

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Reduced Price

A lower cost for goods or services, typically offered during sales, discounts, or promotions.

Reduced Price

Reduced price indicates a discount or decrease in the original selling price of goods or services, often to clear inventory or during sales promotions.

Factory

A building or group of buildings where goods are manufactured or assembled chiefly by machine.

Selling Price

The amount of money that a seller asks for in exchange for a product or service.