Which account is NOT an example of an accrued liability?
A)sales tax payable
B)wages payable
C)interest payable
D)accounts payable

Question

Quizplus · Accepted Answer

Accounts payable is a liability that has already been incurred and is not considered an accrued liability. Accrued liabilities are expenses that have been incurred but not yet paid, such as sales tax payable, wages payable, and interest payable.

Which Account Is NOT an Example of an Accrued Liability