Which of the Following Liability Accounts Is Usually Not Satisfied

question 63

Multiple Choice

Which of the following liability accounts is usually not satisfied by payment of cash?

• A)Trade payables.
• B)Unearned revenues.
• C)Taxes payable.
• D)All of the mentioned are satisfied by paying cash.

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Definitions:

Rules of Evidence

The guidelines and principles that determine what evidence is admissible in court and how it should be presented and considered during legal proceedings.

Expert Witnesses

Professionals with specialized knowledge or expertise in a particular field, called upon to provide testimony in legal proceedings to assist in understanding evidence or fact determinations.

Guidelines

Recommended practices or principles aimed at steering decisions or actions, usually based on evidence or expert consensus.

Direct Evidence

Evidence that directly proves a fact without the need for any inference or presumption, such as testimony from a witness about what they personally observed.