Accountancy, asked by dashrathpanchal917, 11 months ago

which account is NOT a liability ​

Answers

Answered by AdharshNambiar
0

Account payable, notes payable and accured expenses are all a liability in nature while cash represents assets. All the rest options indicate a liability that needs to be paid and would create a outflow. Many people believe taht accrues expenses are not a liability which is wrong as they would eventually be paid too.

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