All of the following accounts are liabilities except

Name: All of the following accounts are liabilities except
Brand: Quizplus
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Question

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Accounts Receivable is not a liability, it is an asset as it represents the amount of money that a company is owed by its customers for goods or services provided. Liabilities are amounts that a company owes to others, such as creditors or suppliers. The options A, B, and C are all examples of liabilities as they represent amounts that a company owes to others.

All of the Following Accounts Are Liabilities Except