Which of the following accounts is NOT an example of a liability?
A) Wages payable
B) Notes payable
C) Accounts payable
D) Accounts receivable
Correct Answer:
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Q14: Which of the following accounts is a
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Q16: Expenses are increases in owner's equity caused
Q17: Which of the following accounts is NOT
Q18: Prepaid expenses are recorded as:
A) assets.
B) liabilities.
C)
Q20: A trial balance is the list of
Q22: Which of the following accounts decreases with
Q23: Both the date of the transaction and
Q51: A liability account is increased by a
Q56: Debit refers to the right side of
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