Which of the following is NOT a liability?
A)Accounts Payable
B)Interest Payable
C)Rent Expense
D)All of the above are liabilities.

Name: Which of the following is NOT a liability? A)Accounts Payable B)Interest Payable C)Rent Expense D)All of the above are liabilities.
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Question

Quizplus · Accepted Answer

Accounts Payable and Interest Payable are both types of liabilities, as they represent amounts owed by a company to its creditors. Rent Expense, on the other hand, is an expense account and does not represent an amount owed to anyone.

Which of the Following Is NOT a Liability