All of the following are liability accounts except:
A) Accounts Payable.
B) Unearned Ticket Revenue.
C) Taxes Payable.
D) Commissions Earned.
E) Notes Payable.

Question

Quizplus · Accepted Answer

All options except for D are liability accounts, which are obligations a company owes to others. However, commissions earned represent revenue earned by the company and is therefore not a liability account.

All of the Following Are Liability Accounts Except