Which of the following is NOT considered to be a liability?
A)Note payable
B)Accounts receivable
C)Unearned revenues
D)Accounts payable

Question

Quizplus · Accepted Answer

Accounts receivable is not considered a liability since it represents the money owed to a company by its customers. Liabilities are obligations that a company owes to others, such as loans (note payable), unearned revenues, and accounts payable.

Which of the Following Is NOT Considered to Be a Liability