Which of the following is not a liability?
A) Accounts payable
B) Loan payable
C) Investment by owner
D) Unearned revenue

Question

Quizplus · Accepted Answer

Investments by owner are not liabilities, as they represent the owner's equity in the business. Liabilities are obligations of the business to pay money or provide goods or services in the future to other parties. Options A, B, and D all represent different types of liabilities. Accounts payable represents unpaid bills for goods or services received from suppliers. Loan payable represents amounts borrowed by the business from lenders. Unearned revenue represents payments received from customers for goods or services that have not yet been delivered or performed.

Which of the Following Is Not a Liability