All of the following accounts are considered to be current liabilities on the balance sheet except:
A)accounts receivable
B)accounts payable
C)accruals
D)notes payable
E)all of the above are current liabilities

Question

Quizplus · Accepted Answer

Accounts receivable are not current liabilities, they are assets representing money owed to the company for goods or services sold on credit. The other options listed (accounts payable, accruals, and notes payable) are all current liabilities.

All of the Following Accounts Are Considered to Be Current