Which of the following would NOT be included as a liability in a corporate balance sheet?
A)Accruals
B)Notes payable
C)Accounts payable
D)Bonds
E)Depreciation

Question

Quizplus · Accepted Answer

Depreciation is not a liability, but rather an expense that is subtracted from assets on the balance sheet to determine the company's net worth. Accruals, notes payable, accounts payable, and bonds are all examples of liabilities that would be included on a corporate balance sheet as they represent amounts owed by the company to third parties.

Which of the Following Would NOT Be Included as a Liability