Which of the Following Accounts Is a Liability

question 1

Multiple Choice

Which of the following accounts is a liability?

• A) Accounts Payable
• B) Accounts Receivable
• C) Wages Expense
• D) Service Revenue

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Definitions:

Operational Definition

A statement of the procedures or ways in which a research concept, variable, or phenomenon is measured or experienced.

Theoretical Definition

A statement that gives the meaning of a term in the context of a theory or framework, specifying the underlying concepts.

Visual-spatial Abilities

Refers to the capacity to identify visual and spatial relationships among objects.

Corollary

A proposition that follows from one already proven, adding further information or detail.