What Type of Account Is Dividend Payable

question 14

Multiple Choice

What type of account is dividend payable?

• A) Asset
• B) Liability
• C) Income
• D) Equity

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Definitions:

Sales Plan

A strategic document detailing the goals, tactics, targets, and measures for achieving sales objectives within a set timeframe.

Target Markets

Target markets are specific groups of potential customers that a business aims to attract and serve with its products or services.

Output-Related

Pertaining to the results or outputs generated by a process, system, or organization.

Units Sold

Refers to the total quantity of products that have been sold within a specific time period.