Which of the following accounts is a liability?
A) Service revenue
B) Accounts payable
C) Prepaid expenses
D) Salary expense
Correct Answer:
Verified
Q2: Which of the following is NOT part
Q3: The owner's equity account is increased by
Q4: Prepaid expenses are recorded as:
A)liabilities.
B)debits and credits.
C)assets.
D)owners'
Q5: Which of the following accounts decreases with
Q8: Which of the following accounts is an
Q9: Which of the following accounts increases with
Q10: Which of the following accounts is an
Q11: Which of the following are accrued liabilities?
A)Salary
Q12: A book holding all of the accounts
Q27: In the standard accounting system,we use double
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