Which of the following accounts does not belong in the liability section of a balance sheet?
A) accruals
B) short-term debt
C) additional paid-in capital
D) long-term debt

Question

Quizplus · Accepted Answer

Additional paid-in capital is part of the shareholder's equity section, not the liability section of a balance sheet. The other options, accruals, short-term debt, and long-term debt, are all liabilities.

Which of the Following Accounts Does Not Belong in the Liability