Which of the following accounts is not included in the liability section of the balance sheet?
A) Accounts receivable.
B) Notes payable.
C) Wages payable.
D) Accounts payable.
E) Taxes payable.

Question

Quizplus · Accepted Answer

Accounts receivable is typically included in the asset section of the balance sheet as it represents money owed to the company by its customers. The other options (B, C, D, and E) are all examples of liabilities, which represent money owed by the company to other parties.

Which of the Following Accounts Is Not Included in the Liability